How Does NASDAQ: ACT Make Clearing & Reporting So Simple?


NASDAQ is the short form for the National Association of Securities Dealers Automated Quotations. It is one of the largest stock exchange firms in America. The firm head-quarters are located at the location One Liberty Plaza of New York City. The Firm was founded by NASD in the year 1971. NASD is now known as FINRA. NASDAQ stock exchange is today the second-largest stock exchange in the whole world after the NYSE (New York Stock Exchange). The Firm is owned by NASDAQ Inc. NASDAQ Inc. holds the ownership of many other stock exchange firms in addition to NASDAQ. For stocks, it’s not easy to secure a place under NASDAQ for stock exchange. Some of the world’s largest stocks are traded under this Firm.

The Firm was formed in 1971, and it didn’t take very long for. Firm to reach the heights. Over the years, it kept growing and slowly and steadily secured second place in the stock exchange market in the whole world. Now, when it comes to the stock exchange or Wall Street, NYSE and NASDAQ are the two names that can not be ignored. Over the years, apart from the growth, the only thing that has changed about the Firm is its logo. In 2000, the National Association of Securities Dealers (NASD) spun the stock market off to form a public company.


ACT stands for Automated Confirmation of Transactions. This Firm trades under the stock name NASDAQ: ACT at It is a system for clearing and reporting trades in the OTC (over the counter) and the NASDAQ securities markets. In contrast to QSR (Qualified Special Representative) clearing through the NSCC (National Securities Clearing Corporation) that requires many relationships with the brokers, clearing firms, and dealers, Automated Confirmation of Transactions simplifies after facilitating the processes of clearing by providing us a single place to interact with.

ACT also offers us a risk management system. This system allows clearing firms to keep a check on the activity of their clients. This is a unique tool in the clearing business. The FINRA (Financial Industry Regulatory Authority) refers to ACT as a Trade Reporting Facility (TRF).


NASDAQ: ACT Stock Details

The NASDAQ: ACT Stock is performing very well recently in the market. It’s 52 week high has been 25.85, which is quite good for the stock and the 52 week low is 16.16, which is not bad either. The average volume of the stock is staying around 2,657. The net assets for the stock are 9.13M, and the yield is 2.72%. If you’re planning to buy this stock, now might be a good time for the same. If you also want to know ira information, you can check at some online stock trading platforms. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.