DESIGNATED ORDER TURNAROUND SYSTEM (D.O.T.)


Meaning of DESIGNATED ORDER TURNAROUND SYSTEM (D.O.T.) in English

Computerized order entry system which, for example, allows for 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: A.O.S.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.