Investor Glossary-automated order entry systemInvestor Glossary-automated order entry systemInvestor Glossary-automated order entry systemInvestor Glossary-automated order entry systemInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Automated Order Entry System

The HTML to link to this page
 

An automated order entry system is a computer system installed by exchanges to route stock and option orders directly to the trading pit. The electronic automated order entry system routes small orders directly to the appropriate specialist on the exchange floor, bypassing floor brokers. Both round and odd lots orders can be entered on such an automated order entry system terminal. They are intended to speed the execution of orders. The automated order entry system enables fast entry, execution, and confirmation of the orders. An automated order entry system usually has limits on the size of orders. SUPERDOT (NYSE), AUTO EX (AMEX), SOES (NASDAQ) and RAES (CBOT) are examples of the automated order entry system. An efficient automated order entry system combines speed, accuracy, ruggedness and versatility in handling the ever-increasing workload of the exchanges.



Rate this Automated Order Entry System definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: inflation, EBITDA, average price per share, current ratio, FTSE, 1035 exchange, LIBOR, annual return, deferred revenue, option premium, 401a, command economy, open position, real GDP, implied volatility, in escrow, quality assurance, cancelled check, dividends payable, covered put, stock split, 1031 exchange, class C shares, required rate of return, ex-dividend, limit order, risk management, Zero Cost Collar, reverse mortgage, minority interest, VIX, deferred tax, Key Rate Duration, margin rate, wholly-owned subsidiary, APR, 144a, diluted share, stock market close, FICO score, ex-dividend date, phantom income, per diem, debt service coverage, balance sheet, retained earnings, irrevocable trust, labor relations, liquidity ratio


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use