Designated Order Turnaround - DOT (SuperDOT)

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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 ...

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  2. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
  3. Program Trading

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  4. Basket Trade

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  5. Broker

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  6. New York Stock Exchange - NYSE

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