Share on Facebook Share on Twitter Email
Answers.com

Designated Order Turnaround - DOT (SuperDOT)

 
Investment Dictionary: Designated Order Turnaround - DOT (SuperDOT)
 

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.

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

Also known as "SuperDOT."

Related Links:
Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more. Electronic Trading Tutorial


Search unanswered questions...
Enter a word or phrase...
All Community Q&A Reference topics
Financial & Investment Dictionary: Designated Order Turnaround (DOT)
 

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.

 
 

 

Copyrights:

Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more

 

Mentioned in