cancel order

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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.

cancel order

A customer order to a broker that cancels an earlier, unfilled order given by the customer.
References in periodicals archive ?
The company said: "In the last few months economic conditions have deteriorated and Russian trade sanctions have tightened, leading a number of customers to delay or cancel orders, particularly in our nuclear and energy and power-systems businesses.
ROLLS-ROYCE has dashed hopes for a return to growth next year after seeing customers delay or cancel orders due to worsening economic conditions.
After ordering more than 200 aircraft during an industry boom in 2007, DAE's leasing unit has been forced to cancel orders.
28 -- The country's top car maker Maruti Suzuki India (MSI) is feeling the pinch of labour strikes, with about 2-4 percent of the prospective customers of one of its successful models, Swift, deciding to cancel orders due to the long waiting period.
But market conditions forced the company to cancel almost half of its Airbus orders for A350s and A320s and cancel orders for 32 Boeing 737s.
After ordering more than 200 aircraft during an industry boom in 2007, Dubai Aerospace's leasing unit was forced to cancel orders in recent months in the wake of the financial crisis.
The inability to cancel orders in the way you do in other markets has prevented us from extending an electronic platform into the Turkish market," commented Ashok Krishnan, head of EMEA execution services and sales at broker Bank of America Merrill Lynch.
Daghestani declined to say if other clients in the Middle East might also cancel orders.
One fifth of electrical retailers didn't think buyers had a right to cancel orders.
In early March,UPS was reported to be seeking to cancel orders for at least 20 of the A300-600 jetsworthabout pounds 1bn.
As a number of airlines cancel orders or defer delivery of some planes already ordered, Boeing is weighing production cuts for all its models.
Dell cannot be responsible for pricing or other errors, and reserves the right to cancel orders arising from such errors.