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 ability to cancel orders would generally be seen as a pre-requisite for any kind of electronic trading," he added, pointing out that "This is going to be seen as a positive development everywhere.
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.