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Glossary > Q > "Qualified Special Representative Agreement - QSR" Definition

Qualified Special Representative Agreement - QSR

An agreement between broker-dealers to clear trades without the interaction of the NASDAQ ACT system. This is achieved by sending trades directly to the National Securities Clearing Corporation (a subsidiary of the DTCC).

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Qualified Special Representative Agreement - QSR \ An agreement between broker-dealers to clear trades without the interaction of the NASDAQ ACT system. This is achieved by sending trades directly to the National Securities Clearing Corporation (a subsidiary of the DTCC).

Qualified Special Representative Agreement - QSR / an agreement between broker-dealers to clear trades without the interaction of the nasdaq act system. this is achieved by sending trades directly to the national securities clearing corporation (a subsidiary of the dtcc).