An electronic system used by the New York Stock Exchange to send orders between brokers and trading booths on the floor of the exchange. An order-management system designed exclusively for NYSE members, which enables member firms to quickly and efficiently process and manage their orders and selectively route orders via SuperDOT® directly to either the trading post, the broker’s handheld computer, or the booths on the Trading Floor. The BBSS is an extremely efficient way to direct order flow. Prior to its advent, brokers used paper forms and sent runners to give orders to the floor traders to execute.
The BBSS permits the New York Stock Exchange to handle daily trade volumes in excess of one billion shares. If this electronic system of routing orders were unavailable, brokers and traders would have to rely on paper forms to document and execute trades. In addition to being a physically demanding process, the paper format is much more difficult to audit and track than its electronic counterpart.
Trading is not only buying and selling. In every seller there should be a buyer, like newton’s law “in every action there is a counteraction”. BBSS is an effective way to guide buyers and sellers and have order in trading. Remember, trading is not only math, nor only art, but it also have basic science. So order in trading is important as well.