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 classic literature ?
If the perceptible is annihilated, perception also will cease to exist; but the annihilation of perception does not cancel the existence of the perceptible.
It is not usual to cancel articles for any such reason.
In that case," said the little man, gravely, "I will cancel all of my engagements before the crowned heads of Europe and America and devote myself to the people of Oz, for I love you all so well that I can deny you nothing.
It was a panic, short-lived, it was true, but sharp enough while it lasted to make him remember Holdsworthy and the brick-yard, and to impel him to cancel all buying orders while he rushed to a telephone.