Advanced Computerized Execution System
The Advanced Computerized Execution System (ACES) is a trading platform used by market makers on the Nasdaq stock exchange to efficiently manage and execute trades. ACES allows brokers and dealers to route orders directly to market makers’ trading desks for immediate execution. This system automates the order handling process, providing faster and more accurate trade executions, which is crucial in fast-paced trading environments. ACES also supports risk management by offering tools to monitor trades, manage order flow, and analyze market trends in real-time.
Example
A broker using ACES can automatically route a client’s order to buy 1,000 shares of a Nasdaq-listed stock to a market maker, who executes the trade within seconds.
Key points
• A trading platform used by market makers on the Nasdaq.
• Automates and streamlines the order execution process.
• Supports real-time trade management and risk analysis.
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