Chakravarty, Sugato; Jain, Pankaj; Upson, James; Wood, … - Department of Consumer Sciences and Retailing, Purdue … - 2011
An intermarket sweep order (ISO) is a limit order that automatically executes in a designated market center even if another market center is publishing a better quotation. An investor submitting an ISO must satisfy order-protection rules by concurrently submitting orders to the markets with...