( ITS)
Electronic communications network linking the trading floors of seven registered exchanges to permit trading among them in stocks listed on either the NYSE or AMEX and one or more regional exchanges . Through ITS, any broker or market maker on the floor of any participating exchange can reach other participants for an execution whenever the nationwide quote shows a better price available. A floor broker on the exchange can enter an ITS order to assure execution of all of an offering or bid, instead of splitting it with competing brokers. Bloomberg Financial Dictionary
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Intermarket Trading System ( ITS)
A computer system that interconnects competing US exchange markets for the purpose of choosing the best market. ITS is operated by the Securities Industry Automation Corporation ( SIAC). Exchange Handbook Glossary
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Intermarket Trading System UK US noun [S] (ABBREVIATION ITS) STOCK MARKET
► a computer network connecting several stock markets in the US: »
The US equity exchanges established the Intermarket Trading System to link their trading floors.
Financial and business terms. 2012.