Investments & Financial Planning

What is the Intermarket Trading System ?


The Intermarket Trading System is the electronic communications network linking the trading floors of 7 registered exchanges to permit trading among them in stocks listed on either the New York Stock Exchange or Amex and one or more regional exchanges.
Through the Intermarket Trading System , 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 order to assure execution of all of an Intermarket Trading System offering or bid, instead of splitting it with competing brokers.
Answer Provided by: CPAdirectory

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