A system for arbitrating a transmission of data includes a number K of transmitters, a request signal transmission device, a device valid signal transmission device, and a data valid logic device, wherein a transmitter asserts a request signal to request permission to begin a data transmission and transmits transmission-identifying information to a receiver. The data valid logic device deasserts a data valid signal based on the state of a wait signal, thereby preventing a transmission of data from each of the K transmitters at one clock cycle after a clock cycle at which the data signal is deasserted. An arbitration logic device of the receiver selects one of the number K of transmitters to grant permission to transmit data to the receiver and outputs an arbitration signal to a wait logic device instructing the wait logic device to deassert the wait signal of the selected trnasmitter.