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. The Uptick Rule Debate
    Active Trading Fundamentals

    The Uptick Rule Debate

  3. CDOs And The Mortgage Market
    Insurance

    CDOs And The Mortgage Market

  4. Stocks: Who Needs Them?! (You, If You ...
    Savings

    Stocks: Who Needs Them?! (You, If You ...

comments powered by Disqus
Hot Definitions
  1. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  2. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Budget Deficit

    A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer ...
Trading Center