Two hands shaking on a contract with 'Qualified Special Representative Agreement' inscribed on a parchment, illustrating the partnership between broker-dealers.

Understanding the Qualified Special Representative Agreement (QSR) for Professional Investors

Business Finance

Introduction to the Qualified Special Representative Agreement (QSR) The Qualified Special Representative Agreement (QSR), a critical arrangement between broker-dealers, enables them to clear trades without interfacing with the NASDAQ Automated Confirmation Transaction (ACT) system. In this agreement, one broker-dealer grants authorization to another broker-dealer to submit and execute orders on

Read more