ITS. A computer network that connects several major U.S. stock exchanges for...
Electronic communications network linking the trading floors of seven registered exchanges to permit trading among them in stocks listed on either the N.Y.S.E. or A.M.E.X. and one or more regional exchanges. Through I.T.S., any broker or market-maker on the floor of any participating exchange can reach out to other participants for an execution whenever the nationwide quote shows a better price available. A floor broker on the exchange can enter an I.T.S. order to assure that he will get all of an offering or bid, instead of splitting it up with competing brokers.
A computer system that interconnects competing exchange markets for the purpose of choosing the best market. ITS is operated by Securities Industry Automation Corporation (SAC). (See Computer Assisted Execution System )
Links all the stock exchanges and allows brokers to trade in other regional markets. Part of the National Markets System.
An electronic communications network now linking the trading floor of seven registered exchanges and the NASD to foster competition 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 market can reach out to other participants for an execution whenever the nationwide quote shows a better price is available.
An electronic network of U.S. exchanges and NASD broker/dealers. The ITS system displays quotes of stocks traded on multiple exchanges. This allows specialists and traders to get the best possible price of a stock for their customers.
An electronic communications network that links the posts of specialists who are market makers for the same securities at the floors of seven registered exchanges to foster competition among them. Quotes are displayed and are firm (good) for at least one round lot (100 shares). Through ITS, a broker at one exchange may direct an order to another exchange where the quote is better. See: Firm Quote; Market Maker; Round Lot; Specialist
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).
