ACT Automated Transaction Comparison Service

Definition - What does ACT Automated Transaction Comparison Service mean?

act the automated-transaction-comparison-service provides the matching, and clearing of trades executed through NASDAQ and other OTC environments

Testopedia explains ACT Automated Transaction Comparison Service

When securities are traded through the NASDAQ system these trades must be properly matched and cleared between the accounts of the buying and selling broker dealers. Trades maybe reported to the ACT system automatically through the NASDAQ work station or they may be entered manually and accepted by the parties to the trade.

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