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The full version is 'Intermarket Trading System'. Electronic communications network that connects commercial floors of seven exchanges to allow the trading among them in shares listed on the NYSE or AMEX and one or more regional exchanges. Through ITS, any broker or market maker on the floor of a participating exchange can reach other participants to execute whenever the nationwide quote shows a better price available. A broker on the exchange floor may make an order an ITS to ensure the execution of an offer or bid, rather than split it with competing brokers.

14:41, 14 November 2013