Designated Order Turnaround System

Designated Order Turnaround System definition - finance
An electronic order system that has been developed by the New York Stock Exchange to execute small market and limit orders by directly routing them to the specialist on the NYSE floor. Also called SuperDOT.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.