Chakravarty, Sugato; Jain, Pankaj; Upson, James; Wood, … - In: Journal of Financial and Quantitative Analysis 47 (2012) 02, pp. 415-435
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...