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 ?
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).
Finally, the Grand Circus Park area brings everyone together with a variety of different artists from SKA to country, soul to funk, and rock to R&B, featuring artists and bands like Superdot, Nadir Distorted Soul, Righteous, Ultra Violet Hippopotamus, J Legardy, Great Divide, Whack The Mole, Tom Butwin and many more.
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.
The program trades of this sample include shares exchanged through SuperDOT.
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.
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
The NYSE orders that were included were the relatively easy SuperDot orders.
His responsibilities included managing the Post Trade systems, SuperDot, Capacity Planning, and Technology Marketing.
com), provides investing and financial services for institutions and individuals, various ECN and Online Trading Services and Software Programs, Data Feeds, Clearing Services as well as access to Instinet, Island, Archipeligo, SelcetNet, and NYSE via SuperDOT are offered at TradeWallStreet.
This paper also uses the NYSE TORQ data, which contain information about SuperDot orders submitted to the NYSE.
Currently, most institutional traders and hedge fund managers use a number of single terminals, such as SuperDot for NYSE, Instinet, and a Nasdaq workstation, or use a phone relationship to execute orders.