The word Advanced Computerized Execution System denotes the technology utilized by the NASDAQ to automate trades and order entrance between firms and market manufacturers which have a proven working relationship.
The Advanced Computerized Execution System, or ACES, is a subscription service Presented by the National Association of Dealers Automated Quotations (NASDAQ). Adhering to the October 1987 stock market crash, NASDAQ assessed a range of changes, for example, automation of sequence entry through ACES from 1988.
The NASDAQ market is an ongoing market where market manufacturers quote bid and ask prices for conventional dictate sizes. Trading normally Occurs through the Small Order Execution System (SOES) or the Advanced Computerized Execution System (ACES). Firms trading at the NASDAQ market have entry to an industry manufacturer ‘s trading platform through ACES, which functions like a pass through strategy to support sequence entry and implementation.