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Intermarket Trading System (ITS)

Contents

Exploring the Intermarket Trading System (ITS) and Its Evolution

Delve into the history and evolution of the Intermarket Trading System (ITS), an electronic network that revolutionized stock trading in the United States. Gain insights into how ITS linked various stock exchanges and how it paved the way for modern electronic trading systems.

Unraveling the Intermarket Trading System (ITS)

Discover the inner workings of the Intermarket Trading System (ITS), from its inception in 1978 to its eventual phasing out in the early 2000s. Learn how ITS facilitated efficient trading by connecting nine major American stock exchanges, enabling brokers to find and execute the best prices available.

Evolution and Decline of the ITS

Explore the factors that led to the decline of the Intermarket Trading System (ITS), including advancements in electronic trading and the emergence of more sophisticated trading platforms. Understand why major exchanges like the New York Stock Exchange (NYSE) and NASDAQ opted to discontinue ITS in favor of modern, private systems.

NASDAQ's Technological Advancements