Thursday, 1 November 2012

Intermarket Trading System (ITS)

Intermarket Trading System (ITS) – An electronic communications network now linking the trading floorof seven registered exchanges and FINRA to foster competition among them in stocks listed on either the NYSE or AMEX and one or more regional exchanges. Through ITS, anybroker or market maker on the floor of any participating market can reach out to other participants for an execution whenever the nationwide quote shows a better price is available