BROWSE

Cancel Former Order (CFO)

What is 'Cancel Former Order - CFO'

An order from an investor to a broker, to cancel a previously placed order that has not yet been filled. Cancel former order (CFO) is used by an investor who has changed his or her mind about a securities transaction that has not yet been executed or filled, and wishes to change one or more of the order parameters, such as price or amount. By canceling the previous order, a CFO ensures that no order duplication takes place if the client generates a new order for the same security.

Explaining 'Cancel Former Order - CFO'

It goes without saying that a CFO can only be used to replace unfilled orders; orders where a fill has been received are binding contracts and cannot be revoked.


Further Reading


The impact of pennies on the market quality of the Toronto Stock Exchange
onlinelibrary.wiley.com [PDF]
… lead to more revisions in prices of previously submitted orders, either through what is known as a Change Former Order (CFO), or by canceling the orders … 2 Goldstein and Kavajecz (2000) report that the ratio of canceled limit orders to submitted limit orders increases with the …

Who's really in charge? Audit committee versus CFO power and audit feesWho's really in charge? Audit committee versus CFO power and audit fees
meridian.allenpress.com [PDF]
… lead to more revisions in prices of previously submitted orders, either through what is known as a Change Former Order (CFO), or by canceling the orders … 2 Goldstein and Kavajecz (2000) report that the ratio of canceled limit orders to submitted limit orders increases with the …

Price Discovery of the Close-and-open Call Auction Mechanism <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-XTLL200602001.htm' />Price Discovery of the Close-and-open Call Auction Mechanism [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-XTLL200602001.htm'>PDF]
… lead to more revisions in prices of previously submitted orders, either through what is known as a Change Former Order (CFO), or by canceling the orders … 2 Goldstein and Kavajecz (2000) report that the ratio of canceled limit orders to submitted limit orders increases with the …

Opening the black box of upper echelons: Drivers of poor information processing during the financial crisisOpening the black box of upper echelons: Drivers of poor information processing during the financial crisis
onlinelibrary.wiley.com [PDF]
… lead to more revisions in prices of previously submitted orders, either through what is known as a Change Former Order (CFO), or by canceling the orders … 2 Goldstein and Kavajecz (2000) report that the ratio of canceled limit orders to submitted limit orders increases with the …

Profiting from government stakes in a command economy: Evidence from Chinese asset salesProfiting from government stakes in a command economy: Evidence from Chinese asset sales
www.sciencedirect.com [PDF]
… lead to more revisions in prices of previously submitted orders, either through what is known as a Change Former Order (CFO), or by canceling the orders … 2 Goldstein and Kavajecz (2000) report that the ratio of canceled limit orders to submitted limit orders increases with the …