Designated order turnaround system (DOT)

What is Designated order turnaround system (DOT)?

Designated order turnaround system (DOT) meaning in finance terminology / glossary / dictionary is:
Computerized order entry system that allows orders to buy or sell large baskets of stock to be transmitted immediately to the specialist on the exchange, where execution will occur quickly, depending on the basket size. Also used for odd-lot transactions to occur at the prices and quantities available. See: AOS.

 

reference: Yahoo Finance Glossary

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