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Designated order turnaround system

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Designated order turnaround system (DOT)
Computerized order entry system that allows orders to buy or sell large baskets of stock to be transmitted immediately to the specialist on the exchange, where execution will occur quickly, depending on the basket size. Also used for odd-lot transactions to occur at the prices and quantities available. See: AOS.
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As Van der Moolen previously announced in its October 16, 2003 press release, the New York Stock Exchange has been conducting an investigation and has indicated its intent to initiate disciplinary proceedings against Van der Moolen's majority-owned subsidiary, Van der Moolen Specialists USA, based on specialist trading activity that is alleged to have disadvantaged customers who entered orders via the NYSE's Designated Order Turnaround System.
Van Der Moolen Says Its Specialist Unit Receives 'Wells Notice' from ... by Business Wire
Additionally, the NYSE stated that for the three-year period ending December 31, 2002, Van der Moolen disadvantaged customers who entered orders via the NYSE's Designated Order Turnaround System ("DOT") through alleged "interpositioning" resulting in losses to customers of approximately $10 million.
The Law Firm of Lasky & Rifkind, Ltd. Announces Class Action Lawsuit ... by Business Wire
The Enforcement Division of the NYSE contends that, for the three-year period ended December 31, 2002, VDM-USA may have disadvantaged customers who entered orders via the NYSE's Designated Order Turnaround System ("DOT") through alleged "interpositioning," resulting in losses to customers of approximately $10 million.
Van der Moolen Expects Net Income of Approximately EUR 5.5 Million in ... by Business Wire
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