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Intermarket Trading System (ITS) |
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Intermarket Trading System (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 excecution of all of an offering or bid, instead of splitting it with competing brokers.Intermarket Trading System (ITS) Similar MatchesIntermarket sector spreadIntermarket sector spreadThe spread between the interest rate offered in two sectors of the bond market for issues of the same maturity. Intermarket Surveillance Information System (ISIS)Intermarket Surveillance Information System (ISIS)A database that distributes information from all the major stock exchanges in the United States. Intermarket Surveillance GroupIntermarket Surveillance GroupAllows regulatory staffs of the US securities exchanges and the NASD to co-ordinate industry-wide co-operative efforts for exchanging market data. Their goal is to enhance intermarket surveillance to assure the integrity of trading in options and equities, and to enhance public protection. Intermarket Trading SystemIntermarket Trading SystemAn electronic communications network that links nine US markets: the New York (NYSE), American (AMEX), Boston (BSE), Chicago (MSE), Cincinnati (CSE), Pacific (PSE) and Philadelphia (PHLX) stock exchanges, the Chicago Board Options Exchange (CBOE), and the NASD. The system enables market professionals to interact with their counterparts in other markets whenever the nationwide Consolidated Quote System (CQS) shows a better price. |
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