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SuperDOT

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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.

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.


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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 (1) We also create a subsample of stocks that are in the Regulation SHO pilot, which we do not tabulate.
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.
 
 
 
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