Designated Order Turnaround - DOT (SuperDOT)

AAA

DEFINITION of '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.

Also known as "SuperDOT."

INVESTOPEDIA EXPLAINS 'Designated Order Turnaround - DOT (SuperDOT)'

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

RELATED TERMS
  1. Electronic Communication Network ...

    An electronic system that attempts to eliminate the role of a ...
  2. Basket Trade

    An order to buy or sell a group of securities simultaneously. ...
  3. New York Stock Exchange - NYSE

    A stock exchange based in New York City, which is considered ...
  4. Program Trading

    Computerized trading used primarily by institutional investors ...
  5. Broker

    1. An individual or firm that charges a fee or commission for ...
  6. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
Related Articles
  1. The Global Electronic Stock Market
    Trading Systems & Software

    The Global Electronic Stock Market

  2. What Does The Dow Jones Industrial Average ...
    Investing Basics

    What Does The Dow Jones Industrial Average ...

  3. Charging Bull-The Brass Icon of Wall ...
    Investing Basics

    Charging Bull-The Brass Icon of Wall ...

  4. An Introduction to Government Loans
    Economics

    An Introduction to Government Loans

Hot Definitions
  1. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  2. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  3. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  4. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  5. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
  6. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account current interest rates. The earnings multiplier is used ...
Trading Center