View source for SuperDot

{{Short description|Defunct electronic trading platform}}
'''SuperDot''' was the electronic system used by the [[New York Stock Exchange]] to route [[market order]]s and [[limit order]]s from [[investors]] or their [[broker|agents]] to a [[market maker|specialist]] located on the floor of the exchange. SuperDot was the upgraded form of the previous electronic system used to route orders, known as the '''Designated Order Turnaround''' (DOT) system. Since 1976, most of the orders in NYSE had been transmitting electronically to specialists screens over the DOT or via the upgraded SuperDot.<ref>{{cite book|last=Wyss|first=O'Neill|title=Fundamentals of the Stock Market|url=https://archive.org/details/fundamentalsofst00bone_0|url-access=registration| publisher=McGraw-Hill|isbn=0-07-136096-4|year=2000}}</ref> In 2009, SuperDOT was replaced by the new NYSE [[Super Display Book system]] (SDBK) for processing orders.<ref>https://www.nyse.com/press/1246442836537.html NYSE Press Release</ref> In 2012, Display Book was replaced by [[Universal Trading Platform]] (UTP).<ref>http://traderupdates.nyse.com/2012/08/matching_engine_upgrade_univer.html NYSE press release</ref>
The user, either an investor or a broker, used to enter the order into the system, which immediately reached the specialist to be executed. The users received a confirmation report of the transaction in real time, once the order was executed. Most individual investors never had direct access to the SuperDot system. However, they indirectly utilized the system through software or online services offered by brokerages that in turn placed the client orders into the SuperDot.
==See also==
* [[Electronic communication network]]
* [[Electronic trading]]
==References==
{{Reflist}}
==External links==
* [http://www.investopedia.com/terms/d/dot.asp Investopedia Definition]
[[Category:New York Stock Exchange]]
[[Category:Former electronic trading platforms]]