Concerning the NYSE Super Designated Order Turnaround system (SuperDOT), which of the following are advantages? I. Orders can be directly routed to specialists. II. Any size orders may be placed. III. Orders can be executed without floor broker commissions. IV. Reports of transactions are rapidly transmitted to registered representatives.
I, III, & IV Explanation: The Super Designated Order Turnaround (SuperDOT) system allows orders to be directly routed to specialists on the floor and bypass the necessity of a floor broker’s involvement. After the transaction is executed, the report is transmitted immediately to the member firm and the registered representative. The DOT system can accommodate market orders and limit orders GTC with certain size limitations.
