Down in the ITS Dumps: Finding an Acceptable Industry Solution
Traders Magazine, November 2004
The troubled Intermarket Trading System is a sorry mess. Yet despite all the battles over the controversial electronic network that links the nine U.S. market centers trading listed securities, there is agreement among some pros: ITS doesn't work as intended; it should be upgraded or scrapped; and it will never be as efficient as private linkages between markets.
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