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designated order turnaround

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Financial Dictionary

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.

Investopedia Commentary

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

See also: Basket Trade, Broker, Electronic Communication Network - ECN, NYSE, Program Trading, Specialist

Also spelled: DOT

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