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Designated Order Turnaround - DOT (SuperDOT)

 
Barron's Finance & Investment Dictionary:

Designated Order Turnaround - DOT (SuperDOT)

electronic system used by the New York Stock Exchange to expedite execution of small market orders by routing them directly from the member firm to the specialist, thus bypassing the Floor Broker. A related system called Super DOT routes limit orders.

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Investopedia Financial Dictionary:

Designated Order Turnaround - DOT (SuperDOT)

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An electronic system that increases order efficiency by routing orders for listed securities directly to a specialist on the trading floor, instead of through a broker.

Also known as "SuperDOT."

Investopedia Says:
The DOT system is used by the New York Stock Exchange for small order entries, limit orders, and basket and program trades.

Related Links:
The way trading is conducted is changing rapidly as exchanges turn toward automation. The Global Electronic Stock Market


 
 

 

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Barron's Finance & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.  Read more
Investopedia Financial Dictionary. Copyright ©2010, Investopedia.com - Owned and Operated by Investopedia US, A Division of ValueClick, Inc. All rights reserved.  Read more

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