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).
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. NYSE CAP also supports existing services such as the remote delivery of the Exchange's Broker Booth Support System (BBSS) and the delivery of customer's proprietary applications to the trading floor.
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.(2)
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.
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).
Up to now we have primarily been discussing portfolio trading in the context of trading lists of stocks using the NYSE automated order entry system (SuperDot) and stock index futures.
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 latest version of the system, called SuperDot, is the largest and most sophisticated order processing and post-trading system in the country.
The TORQ data contain not only a complete set of the quotes and trades for these stocks from all US exchanges, similar to the ISSM and TAQ data, but also all of the electronic SuperDot orders received by the NYSE.
7 These orders come from three sources: limit orders, the crowd of traders around their posts, and SuperDOT. Specialists may solicit additional orders and may announce trial clearing prices (often called "indications") to brokers in the crowd before settling on an opening price.