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Cancel Former Order |
Also found in: Acronyms | 0.01 sec. |
Cancel Former Order An instruction from an investor to a broker to cancel a previously made order that has not yet been filled. A CFO is are made when an investor changes his/her mind about making a transaction and decides to make a different one or none at all. It is important to issue a CFO, especially when the replacement transaction involves the same security. Otherwise, the broker may fill both orders, perhaps resulting in a loss. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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