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Designated Order Turnaround

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.14 sec.
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.

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.


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The Designated Order Turnaround system, known on the floor as DOT, serves as a way to route orders through the exchange.
SuperDOT, which stands for "Super Designated Order Turnaround," is a New York Stock Exchange (NYSE) computer system that provides swift executions of market and marketable limit orders, up to specified sizes, in virtually all listed stocks.
Small orders will be routed through the NYSE's Designated Order Turnaround (DOT) system to ensure instant execution.
 
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