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 ?
All they can be sure of is - if they make a decision someone they didn't even know existed will countermand it.
Sillman's low-key manner and the fact that she's as funny as she is melancholy countermand the viewer's vague sense that the big issues (life cycles, human connections to earth ,and cosmos) are being addressed.
The French have argued allalong that, particularly in matters of health and safety, nation states must have the right to countermand edicts from the EU.
But in the South, after the Civil War and Reconstruction, legal codes were crafted to countermand the 14th and 15th amendments, which gave blacks equal protection under the law and gave black men the right to vote.
Defence Secretary Geoff Hoon and his sidekick John Spellar should immediately countermand this disgraceful proposal.
This is not to countermand the subtlety and sophistication of recent feminist hermeneutics, but the presentation of Jesus as the liberator of women is hermeneutical.
Provided for under the Endangered Species Act, the Endangered Species Committee is a panel of federal cabinet officials that can countermand environmental regulations that cause excessive destruction to jobs and the economy.
Nagar bypoll, we did not have legal powers to countermand election on bribery charges so we resorted to the omnibus provision of Article 324 of the Constitution.
The reason that there is Soviet-style secrecy whenever we are on a waiting list and why those in the NHS are reluctant to make a decision knowing that someone (they didn't even know existed) could countermand it any second, is that the NHS is the plaything of politicians and civil servants, who with no medical knowledge or experience, just make up the rules from day to day, so as no one knows who is responsible no one is - so no one can be held accountable.
But he never went public and he never tried to countermand the Fed.
Kruger doesn't countermand so much as amplify this state of affairs, rendering a grim realist portrait of our mediated intercourse that mixes keen insight with manic, distorting caricature (qualities that liken such work to a Lenny Bruce monologue and that keep it provocative rather than merely assaulting).
Students do not have the right or authority to countermand a decision by the administration,'' said the Rev.