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Designated Order Turnaround
(redirected from Designated Order Turn-Around System)

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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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