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Automated Confirmation Transaction Service

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Automated Confirmation Transaction Service
Also called an ACT Service. An automated system that reports information on the settling of transactions on NASDAQ. ACT is thought to increase transparency and quality of information in the NASDAQ market.
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The subscribing market makers are required to report trades through the Automated Confirmation Transaction Service ("ACT") within 90 seconds of the transaction and accordingly the OTCBB holds itself out as providing real time quote, price and volume information which is disseminated through market data vendors.
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