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TeachMeFinance.com - explain Aces Pass-Thru Aces Pass-Thru -- Operated by the NASD, this is an automation device that identifies securities at predetermined quantities for transactions between order-entry and market-maker firms that have set up trade partnerships. The benefits of ACES Pass-Thru are facilitation of order entry, implementation of best-price order, limited-order maintenance and capacity for inventory control. The tool creates automatic public reports of transactions so that these may be studied and cleared.
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