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Main Finance Terms aces pass-thru

aces pass-thru



run by the NASD, ACES Pass-Thru automates trades between order-entry and market-maker firms that have established trading relationships with each other, designating securities at specified quantities for automatic execution. Once trading parameters are set, ACES Pass-Thru facilitates order entry, best-price order execution, and limited-order maintenance, as well as a variety of inventory control capabilities. Trades are then automatically reported for public dissemination and sent for comparison and clearing.



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aces pass-thru