SIE Exam Question 1034: Answer and Explanation

Question: 1034

Which of the following is a subscription service operated by NASDAQ that automates trades between order entry and market maker firms that have established trading relationships with each other?

• A. ACES
• B. DTCC
• C. OATS
• D. RTRS

Correct Answer: A

Explanation:

ACES (Advanced Computerized Execution System) is a subscription service operated by NASDAQ that automates trades between order entry and market maker firms that have established trading relationships with each other.