SuperDOT

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.

SuperDOT

A New York Stock Exchange system for automatically routing market and limit orders to the appropriate specialist. SuperDOT eliminates the need for clerks and floor brokers to handle modest-sized orders.
References in periodicals archive ?
In the 'Children's Book of the Year' category, the shortlisted books are: I'm the Superdot by Laila Zahed, illustrated by Angela Nurpetlian and published by Turning Point (Lebanon); Hamada, the Happiness Maker by Samah Abobakr Ezzat, illustrated by Sahar Abdallah and published by Al Borj Media Publishing and Distribution (UAE); Something in my Hand, written by Hayfa Sawarka, illustrated by Maya Fidawi and published by Al Salwa Publishers (Jordan); and Two Homes Instead of One by Lorca Sbeity, illustrated by Mona Yakzan and published by Dar Al Saqi (Lebanon).
2011) use the number of electronic messages handled by NYSE's SuperDOT system and captured in the NYSE's System Order Data (SOD) database as a proxy measure of AT.
Winstar, along with a number of other major terrestrial carriers, will support several new NYSE programs that will be delivered through the NYSE CAP, including NYSE Direct, eBroker, Institutional XPress, Front End Systemic Capture (FESC) and TCP/IP connectivity to FIX and CMS message interfaces used to send electronic orders to the NYSE point-of-sale via SuperDot.
Using SuperDOT limit orders in the TORQ database, the authors find that the limit-order book is informative, especially about short-term price movements.
Recent experience has amply demonstrated the destabilizing role of computerized program trading: the Dow Jones can swing back and forth by several percentage points in a matter of minutes, facilitated by the NYSE's Superdot electronic order routing system.
The program trades of this sample include shares exchanged through SuperDOT.
The NYSE has spent over $200 million developing and implementing the SuperDot (Designated Order Turnaround) System to electronically send member firms' orders to the floor for execution and execution reports back to the member firms.
NYSE reduced the time it takes to execute an order to five milliseconds from 105 milliseconds, with the implementation of the new NYSE Super Display Book system ("SDBK"), which replaced the SuperDOT system.
Other authors focus on trader identity and have studied the price impact of specialists, SuperDOT traders, and institutional traders (Hasbrouck and Sofianos, 1993; Chan and Lakonishok, 1993, 1995; Harris and Hasbrouck, 1996).
This system was upgraded in 1987 to SuperDot, which has processing capacity of up to 25,000 shares per issue.
His responsibilities included managing the Post Trade systems, SuperDot, Capacity Planning, and Technology Marketing.
Although this value may appear high when compared to the monthly short-interest data, Boehmer, Jones, and Zhang (2008) find that nearly 13% of NYSE SuperDOT