Advanced Computerized Execution System

Advanced Computerized Execution System

ACES - Advanced Computerized Execution System - Allows order-entry firms in OTC Bulletin Board stocks (OTCBB) that have been granted 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, sending the trade report back through ACES to the order entry firm.


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