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Intermarket Trading System

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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)
An interconnection of security trading floors that allows brokers and market makers to trade securities in additional markets. The system is intended to allow customers to obtain the most favorable price available on any of the participating exchanges. See also National Securities Trading System.


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Barth has participated as an exchange representative in various national market system committees, including the Consolidated Tape Association and the operating committees of Intermarket Trading System and NASDAQ UTP Plans.
An important starting point is to reform the trade-through provisions of the Intermarket Trading System ("ITS").
He served as the Exchange's representative to joint industry associations relating to National Market System facilities such as the Consolidated Tape Association, the Intermarket Trading System and the Options Price Reporting Authority.
 
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