Advanced Computerized Execution System
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)(Learn how and when to remove this template message)
Advanced Computerized Execution System (ACES) - Is an NASDAQ subscription service paid for by market makers that allows order-entry firms trading in Nasdaq Capital Market and Nasdaq global market stocks access to a market maker's internal trading system to route to them using the ACES "Pass-Through". The market maker then executes the order internally, and sends a confirmation and trade report back through ACES to the order entry firm.
ACES also automatically sends the trade information to Automated Confirmation Transaction Service (ACT) for reporting.
|This article about stock exchanges is a stub. You can help Wikipedia by expanding it.|