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Term of the Day
automatic execution
automatic enrollment
Advanced Computerized Execution System (ACES)
Definition
A mechanism that facilitates the
execution
of
trades
without manual input or
intermediaries
. Trades are executed the
instant
the
bid
or
ask
price
matches
an existing
order
resulting in accelerated
price
movements
.
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Advanced Computerized Execution System (ACES)
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