Benefits of ACATS
ACATS provides the following benefits to clients:
- Centralizes transfer of customer accounts from one firm to another.
- Standardizes, automates, and accelerates the transfer process.
- Permits broker members to comply with self-regulatory organization (SRO) requirements.
- Supports multiple processing cycles, including accelerated settlement.
- Accommodates various processing capabilities, including automated CPU-to-CPU and secure Internet communications.
- Creates the potential for cost saving to firms through economies of scale.