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 ?
He said they recognised cancelling operations was not acceptable and the trust had agreed an action plan to minimise future cancellations.
The body said that with neither the bank nor the business taking responsibility for cancelling a CPA, consumers may feel their only answer is to cancel the payment card used.
"This shows that cancelling operations has become engrained as a policy for managing hospital gridlock brought about by overcrowded A&Es, a lack of acute admission beds and the delayed discharge of patients in acute beds who need to move to more appropriate care but have no place to go."
He said that if a solution to the Cyprus problem is to be achieved peacefully and under the guidance of the UN, cancelling the Nikiforos exercise would give Cyprus added political leverage.
easyJet has announced that it is cancelling flights to and from Greece on 28 January and flights to and from Paris on 29 January 2009.