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TeachMeFinance.com 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. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.