Electronic communications network linking the tradingfloors of seven registered exchanges to permit trading among them in stockslisted 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.
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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