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The Application Programming Interface (API) establishes an online connection between the data provider and the end user. The Automated Clearing House (ACH) is an electronic funds transfer system that facilitates payments in the US. Automated Account Transfer Service (ACATS) can be used to transfer stocks, bonds, cash, mutual funds, mutual funds, options, and other investment products. The back office is the part of the company that consists of administrative and support staff who do not work with clients. A broker-dealer is a financial institution that trades securities on behalf of clients, but which may also trade for itself. Investors have different needs and should choose their brokerage firms accordingly. A brokerage company primarily acts as an intermediary, connecting buyers and sellers to facilitate a transaction. A broker or agent charges a commission for executing trades or providing specialized services. The Chicago Mercantile Exchange, or Merc, is an organized exchange for trading futures and options. A deposit account is a savings account created and managed by an adult for a minor.