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 ?
These rules are very helpful in and of themselves, but often the text also describes extenuating circumstances that may justify the bending or countermanding of these rules.
Other sources, speaking to Wolff over a prolonged period of unfettered access to the White House, paint a vivid picture of internecine catfights, chaos and confusion, with countermanding policies and personalities at loggerheads.
The countermanding resulted in Prachanda's resignation May 4 after coalition partners backed Yadav and pulled out from the coalition government.
A spokesman for the Insolvency Service said: ``The countermanding of cheques procured the supply of goods to Hi-Tech proffering cheques in payment in circumstances where there was no likelihood that the cheques would be met on presentation.
Zaidi also wanted countermanding of elections in these cases with specific provisions in the Representation of the People Act.
Amritsar, May 15 ( ANI ): Former Punjab chief minister and Congress candidate for Amritsar Captain (retired) Amarinder Singh has warned the Election Commission of India about the possibility of Akali-BJP leaders and workers tampering with the vote counting process that could lead to the countermanding of counting.
After a few days, Khamenehi issued an order countermanding Ahmadi-nejad's order.