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 ?
There are many arguments for not canceling the debts of the poorest countries: "They'll do it again.
Commissioner David Stern, noting that as the lockout continues, the league moves closer to canceling the season.
A parent of a wrestler said some wrestlers were guilty of ``maybe bad behavior, but not a crime'' and that school officials went too far in canceling the season.
Canceling is equivalent to repealing portions of statutes, the judge said, and ``repeal of statutes, no less than enactment, must conform'' with procedure set forth in the Constitution.
BAGHDAD, Iraq -- The Government of Iraq today announced that it has signed a bilateral agreement with the Republic of Korea canceling the equivalent of U.
Now in its second generation, the Bose Series II Acoustic Noise Canceling headset passively seals out noise, as well as actively canceling it.