Bankers Automated Clearing Services

 

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Bankers Automated Clearing Services

BACS is an APACS clearing company which provides an automated clearing service for payments originated by Settlement Members or those they sponsor.



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Opening Automated Report Service

Opening Automated Report Service

Provides improved accuracy and efficiency for handling certain orders sent before trading opens. OARS receives, stores, and continuously tabulates market orders up to a specified size routed through the common message switch. It matches buy and sell interest in each stock, calculates imbalances, and reports them to specialists. Seconds after the specialist notifies OARS of an opening price, the system automatically generates and returns execution reports to originating firms, and submits the trade for automatic clearance and settlement.


Boston Exchange Automated Communication Order Routing Network (BEACON)

Boston Exchange Automated Communication Order Routing Network (BEACON)

This system permits the automatic execution of execution based on the current execution prices on the consolidated execution at any of the US execution execution.


Automated Clearing House (ACH)

Automated Clearing House (ACH)

A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.


Automated teller maching (ATM)

Automated teller maching (ATM)

Computer-controlled terminal located on the premises of financial institutions or elsewhere, though which customers may make deposits, withdrawals or other transactions as they would through a bank teller. Other terms sometimes used to describe such terminals are customer-bank communications terminal (CBCT) and remote service unit (RSU)Groups of banks sometimes share ATM.


Clearing House Automated Payments System (CHAPS)

Clearing House Automated Payments System (CHAPS)

A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS).


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clearing house automated payment system
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Automated Order System (AOS)
Stock Exchange Automated Trading System PLUS
Stock Exchange Automated Quotation system
European Association of Securities Dealers Automated Quotation (EASDAQ)
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Japanese Association of Securities Dealers Automated Quotation System (Jasdaq)
automated pit trading


 
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