Concept

ACT (Nasdaq)

Summary
ACT, or Automated Confirmation of Transactions, is a system for reporting and clearing trades in the over-the-counter (OTC) and NASDAQ securities markets. In contrast to Qualified Special Representative (QSR) clearing via the National Securities Clearing Corporation (NSCC), which requires multiple relationships between brokers, dealers, and clearing firms, ACT facilitates and simplifies the process of clearing by providing a single counterparty to interact with. ACT offers a risk management system that allows clearing firms to monitor the activity of their clients. This tool is unique within the clearing business. The Financial Industry Regulatory Authority (FINRA) also refers to ACT as the Trade Reporting Facility (TRF).
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.
Related publications

Loading

Related people

Loading

Related units

Loading

Related concepts

Loading

Related courses

Loading

Related lectures

Loading