Cancel

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Cancel

To void an order to buy or sell from (1) the floor, or (2) the trader/salesperson's scope. In Autex, the indication still remains on record as having once been placed unless it is expunged.

Cancel Order

An instruction from an investor to a broker to cancel a previously made order that has not yet been filled. Cancel orders 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 cancel order, especially when the replacement transaction involves the same security. Otherwise, the broker may fill both orders, perhaps resulting in a loss.
References in periodicals archive ?
As a result, unlike cancelable insurance, where the insurer is actively involved in credit decisions, an insurer's underwriting of a non-cancelable program tends to be more "hands-off.
To overcome the "big brother" problem, the concept of cancelable biometrics has been introduced by Ratha et al.
It is written for a period of one year with non-cancelable limits or up to two years for a policy with cancelable limits.
including all renewal periods, and it must be cancelable
Long viewed as separate yet ordinary features of the trade credit insurance landscape, the distinction between cancelable and non-cancelable forms of coverage hit center stage during the financial crisis several years ago.
Recently, cancelable or revocable biometrics as a biometric template protection technique has been proposed to address the above mentioned problem [1][2].