Designated Order Turnaround - DOT

What does it mean?
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.

In Other Words...
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
Electronic Trading Tutorial - Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more.

Related Terms
Basket Trade | Broker | Electronic Communication Network - ECN | NYSE | Program Trading | Specialist

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