Intermarket Trading System - ITS

Intermarket Trading System - ITS
An electronic computer system that joins the trading floors of all the major equity American exchanges. This system essentially allows all eligible member market-makers and brokers the ability to execute buy and/or sell orders at different exchanges whenever they see that a better price quote available.

The system has connections with large national exchanges, such as the NYSE, as well as smaller regional exchanges, such as the Boston stock exchange.

Since the ITS was first initiated during 1978, some parties, such as the Nasdaq, believe the technology used in the ITS is now outdated. Moreover, the current trend for exchanges is moving away the trading floors that the ITS is based on and toward automated trading systems.


Investment dictionary. . 2012.

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  • ITS — ( Intermarket Trading System) 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,… …   Financial and business terms

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  • ITS — Information Technology Services (Business » General) ** Internal Transcribed Spacer (Community » Law) ** Intelligent Transportation System (Governmental » Transportation) ** Intelligent Transportation System (Computing » General) * Institut… …   Abbreviations dictionary

  • ITS — • Incompatible Time Sharing System, Betriebssystem geschrieben für die PDP 10 am MIT • Intelligent Tutoring Systems, International Conference (informationswissenschaftl. Veoeffentlichungen) • Institute for Telecommunication Sciences ( > IEEE… …   Acronyms

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  • Electronic Trading — ▪ 2000 by Irving Pfeffer       The past few years have seen a spectacular and revolutionary development in the mechanics of stock trading perhaps the largest change since brokers fees were deregulated in 1975 electronic trading, or “e trading.”… …   Universalium

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