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 Glossary   >   S   >   "Super Designated Order Turnaround System" Definition   

        Super Designated Order Turnaround System

The system that transmits New York Stock Exchange (NYSE) member firms" market and day limit orders, up to specified sizes in virtually all listed stocks, through the common message switch to the proper trading floor workstation. Specialists receiving orders through SuperDot execute them in the trading crowd at their posts, as quickly as market interest and activity permit, and return reports to the originating firm"s offices via the same electronic circuit that brought them to the floor. Super-Dot can handle daily volume exceeding 2 billion shares.

Super Designated Order Turnaround System


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Super Designated Order Turnaround System - The system that transmits New York Stock Exchange (NYSE) member firms" market and day limit orders, up to specified sizes in virtually all listed stocks, through the common message switch to the proper trading floor workstation. Specialists receiving orders through SuperDot execute them in the trading crowd at their posts, as quickly as market interest and activity permit, and return reports to the originating firm"s offices via the same electronic circuit that brought them to the floor. Super-Dot can handle daily volume exceeding 2 billion shares.


Super Designated Order Turnaround System : the system that transmits new york stock exchange (nyse) member firms" market and day limit orders, up to specified sizes in virtually all listed stocks, through the common message switch to the proper trading floor workstation. specialists receiving orders through superdot execute them in the trading crowd at their posts, as quickly as market interest and activity permit, and return reports to the originating firm"s offices via the same electronic circuit that brought them to the floor. super-dot can handle daily volume exceeding 2 billion shares.