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 ?
Boeing -4% slashed 737 aircraft production by 20% after carriers continued to cancel orders. GE sank 5% after a JP Morgan analyst downgrade to underweight and Micron -1.8% was cut by Cowen.
QSE also informed the market participants that it is forbidden to modify or cancel orders during the last five minutes of the pre-opening.
However, you will be able to cancel the order and get your money back, either due to the breach or because of the consumer contracts regulations which allow you 14 days, from the date of delivery, to cancel orders placed online.
The new trading platform - Mobile Trading System (MTS) - will enable investors to place orders, check their personal stock information or cancel orders themselves from anywhere and at any time.
The firm is halfway through a separate programme, announced last November, to cut 2,600 jobs over the next 18 months at its aerospace and land and sea divisions as customers opt to delay or cancel orders.
ROLLS-ROYCE revealed it has so far axed 1,300 jobs as part of its plan to combat tougher economic conditions as customers opt to delay or cancel orders.
ROLLS.ROYCE has revealed it has cut 1,300 jobs as part of its plan to combat tougher economic conditions as customers opt to delay or cancel orders.
The restructuring will focus on the engine giant's civil and defence aerospace operations, which have been battered by tough economic conditions as customer opt to delay or cancel orders.
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."
According to the company's e-commerce terms and conditions, which customers accept electronically when making an online purchase, eXtra has the right to cancel orders in the event of any error in the price or if the quantity is unavailable.
After ordering more than 200 aircraft during an industry boom in 2007, DAE's leasing unit has been forced to cancel orders. In 2011, it cancelled outstanding Airbus orders worth USD$5.8 billion and also cancelled orders for 35 Boeing 737s.
A Baggies spokesman said: "Viagogo and the club reserve the right to cancel orders from buyers suspected to be opposition fans."