Designated Order Turnaround - DOT (SuperDOT)


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."

BREAKING DOWN '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.

  1. Electronic Communication Network ...

    An electronic system that attempts to eliminate the role of a ...
  2. Program Trading

    Computerized trading used primarily by institutional investors ...
  3. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
  4. Broker

    1. An individual or firm that charges a fee or commission for ...
  5. New York Stock Exchange - NYSE

    A stock exchange based in New York City, which is considered ...
  6. Basket Trade

    An order to buy or sell a group of securities simultaneously. ...
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