| |
| Reaches every broker-dealer. Provides broader connectivity. |
| |
| Overview |
| ACES routes orders between order-entry firms and market 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.
|
| Features and Benefits |
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.
|
| ACES Destinations |
| Click here to view a list of current ACES destinations. |
| Who Can Participate |
|
|
| How to Subscribe |
- NASDAQ market participants may call NASDAQ Trading Operations at 212.231.5100 to get set up.
|
| Pricing |
|
|
| Connectivity Options and Specifications |
|
Market makers:
Order-entry firms:
Specifications
|
| Contact Information |
|
|
