ITS(redirected from Drive-by-wire)
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Intermarket Trading System
A computerized trading system allowing investors and brokers access to more than one stock exchange. That is, the ITS effectively lists securities of participating exchanges on each other's boards. This allows investors to find the best price available for securities. The Cincinnati Stock Exchange was the first major exchange to adopt the ITS. See also: NMS.
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Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.