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 ?
GL's Echo Canceller testing solutions provide the broadest range of simulation and analysis, including line and acoustic echo.
TI's Telinnovation echo canceller is available now as a software function for the C64x and C64x+ processors and will also be available as a dedicated image on the TNETV3020 in the fourth quarter of 2007.
With Ditech's SX-24 and SX-30, telephone operators can literally swap-out their legacy cancellers overnight and have robust voice quality enhancement on every voice circuit the next day.
The new echo cancellers have been designed to eliminate the echoes that occur during phone calls.
Mitel Corp's Mitel Semiconductor division has launched a new voice echo canceller that meets the latest ITU-T G.