ACES
Reaches every broker-dealer. Provides broader connectivity.
Overview
ACES routes orders between order-entry firms and mmarket makers that have established relationships, providing the benefits of an advanced order routing tool without the start-up costs of a stand-alone system. ACES streamlines routine order entry by routing orders directly into the market makers’ internal system for execution and routing the execution notification back to the order-entry firms.
Benefits & Features
For market makers:
- Reciprocal trading arrangements
- Routing in any stock
- Increased order flow
- Improved trader productivity and trade management
For order-entry firms:
- Fast and convenient routing to a designated market maker
- Increased efficiency and control of operations
- FREE participation
How ACES Works
Through ACES, market makers provide order-entry firms with access to their internal trading systems. Once authorized, order-entry firms can route orders directly to a market maker through any connection to NASDAQ, including service bureaus, proprietary systems and the NASDAQ Workstation.
Connectivity
Market makers:
Order-entry firms:
Who Can Participate
- Your firm needs to have connectivity to NASDAQ.
How to Subscribe
- NASDAQ market participants may call NASDAQ Trading Operations at +1 212 231 5100 to get set up.
Pricing
