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 ?
India, April 21 -- Echo Canceller Compliance Testing
The design of the new echo canceller reduces the cost per channel compared to the previous echo cancellation products that it replaces and enables wireless networks to support high-quality, high-speed wireless broadband services, Lucent said.
Ditech's voice products are high-capacity echo cancellers that utilize advanced software and digital signal processor (DSP) technology.
TELECOMWORLDWIRE-30 August 2000-Mitel introduces voice echo canceller (C)1994-2000 M2 COMMUNICATIONS LTD http://www.
In standard echo cancellers, performance is determined by the algorithm's ability to identify when the headset user talks.