What is the automated order placing system?

Automated order placing system is one of the modern means to facilitate the quick processing of orders on the stock market. The automated order placing system essentially allows you to start a small exchange order on the stock market without having to go through the usual process. Here are some information about how the automated order placing system works and how this electronic system can be a great time saver. The broker, in turn, evaluates the application and directs it to an analyst who serves as a specialist for the type of transaction. Although the procedure is relatively effective, it takes some time from the start of the order to complete the exchanges on the floor. Automated order placing system helps make the process more efficient. Instead of being recorded and then evaluated correctly, the order goes directly from the investor to a specialist. This allows the order to circumvent the steps to go through the hands of the floor broker and can speed up the processing of the objezDnávky.

One of the apparent advantages of an automated order placing system is that time is money in terms of business functions. By accelerating the acceptance of an order by a specialist, the investor has a much greater chance of getting what he wants, rather than maybe miss, because another investor was given the order first. In addition, the confirmation time is shortened considerably. Since the completion announcement returns directly to the investor and not through any medium channels, the task can be completed for a fraction of the time. For a person with a busy day ahead, an automated order placing system means more time to devote to other and less time spent investment solutions.

Different models of automated order placing system are used with different markets. The New York Stock Exchange uses an automated order placing system called DOT. DOT System A shortcut for specified FigWhether orders proved to be very reliable and receive extensive use daily. Similar systems are in operation with other stock exchanges around the world. Electronic orders systems that are common use include such models such as PACE, SOES, SOREX, OSS and Auto ex.