It sounds like the process an android goes through before agreeing to go out on a date. But it's actually an automated system within the NASDAQ stock market.
The automated confirmation transaction service, or ACT, is a computer program that records and reports data about settled transactions on the NASDAQ market. The goal of the system is to make the trading process more transparent.
ACT submits finished trades to the official centralized clearing system for final settlement. It also provides reports on trading activity based on the data it processes.
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Finance: What is a regular way contract?1 Views
Finance a la shmoop what is a regular way contract?
alright well for centuries the church has condemned anything but the regular [Men appear in church]
way but then some wise guy posited a question about anything but so then some
wise Torah scribe added an extra letter T there and well everything was a mess [Person wiping letter T out]
and well "regular way" just stopped really being a thing anyway in
finance land regular way simply describes a securities trade when trades
settle regular way, it means that they follow the normal T plus 3, T plus 5, T
plus whatever days that's accorded whatever trade it is they're making a
corporate debt trade well that's usually T plus 3 or 3 days regular way would
imply that the corporate debt will settle in the regular three-day time [Amount owed appears on corporate debt timeline]
period the foreign exchange trade for a stock well that's usually 2 days T plus
2 would be the regular way the basic idea is that there are so many trades
and trade types now that happen in a non regular way because of some weird
restriction or government filing requirement or computer hacking that
happened out there or other global event that precluded things going the au
natural or regular way that noting when something trades regular way [People shouting at trading company]
actually has become a thing like we actually have to call it out when things
happen normally and if you have any questions about what's kosher or not in
regular ways well we suggest you consult your religious scribe or book in
whatever form it comes in it's not our business [Man asking priest questions]
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