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 ?
A spokesperson for St Helens and Knowsley Hospitals said: "As a trust, we do all that we can to avoid cancelling operations at short notice.
Cllr Hazel Pearson OBE for the Kader ward - cancelling Sunday, August 29 at 47 Ruskin Avenue, Acklam.
easyJet has announced that it is cancelling flights to and from Greece on 28 January and flights to and from Paris on 29 January 2009.