Designated Order Turnaround

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Designated Order Turnaround

A computerized order-entry system on the New York Stock Exchange that bypasses brokers and automatically executes orders at the best available price through a specialist on the trading floor. It is used predominantly for small and odd-lot orders. See also: SOES.

Designated Order Turnaround (DOT)

An electronic system on the New York Stock Exchange that channels smaller orders directly from a member firm to the specialist post on the exchange floor. The system speeds the execution of orders and allows increased volume on the floor by bypassing commission brokers.
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