The term stipulated sequence turn around system identifies to a computerized system which paths guidelines to market pros, thereby bypassing brokers. The designated sequence turn around system instantly implements orders to buy and sell relatively huge baskets of stock.
Also called SuperDOT, the designated sequence turn around (DOT) system is a computer application that automatically paths big baskets of requests to swap pros along with odd-lot trades. Automated trading platforms such as SuperDOT have the capability to execute orders together with speed and accuracy. By eliminating human intervention within this period of this order-handling procedure, these systems may diminish the amount of errors too. Finallythey’re also equipped to supply yet another level of security against fraud, and so helping to regulate hazard.
While human investors may rarely have direct usage of SuperDOT, their broker’s on the web services set their requests to the particular system. Through this mechanism, a trader receives an affirmation of these trade in realtime. SuperDot was utilized by the New York Stock Exchange and has been an update from DOT. SuperDOT has been replaced with the NYSE Super Display Book system (SDBK) at ’09.