8. Order Cancellation

 

You can cancel your open orders either in the Order Manager window or by using the “Cancel” buttons in the Order Entry.

 

1. Cancel Orders in the Order Manager Window

In the Order Manager Window Order tab, you can see all your open orders.  To cancel a particular one of them, simply double-click on that order (Figure 8.1). In order to use this feature, you must enable "Double-Click to Cancel" setting in User Preferences of Order Manager window.

Figure 8.1

Or you can highlight that order and right click, choose “Cancel” from the drop-down menu.  A Cancel Confirmation box will pop up to ask you whether you want to cancel the selected order.  Choose “OK” to confirm the action and “Cancel” to dismiss the action.  (Figure 8.2)

Figure 8.2

To cancel a number of orders or all the orders at the same time, simply highlight all the orders you want to cancel with your mouse cursor, then right click and choose Cancel from the drop-down menu (Figure 8.3).

 

When the exchanges or ECN confirm that your order is canceled, you will see a message in xyellowx color start with an “X” in the Message Window.  At the mean time, the order you want to cancel will disappear from the Open Order tab. 

Figure 8.3

2. Cancel Orders in Order Entry box

In both the Floating Order Entry (Figure 8.4) and the Market Depth Order Entry (Figure 8.5), you will see "Cancel" buttons.

 

2.1. Floating Order Entry box

To cancel All open orders of selected symbol, click on [All] button. To cancel All Buy orders of selected symbol, click on [All Buys] button. To cancel All Sell orders of selected symbol, click on [All Sells] button. To cancel last order you placed, click on [Last Order] button.

 

Please note that only the orders sent out from the same Order Entry box can be canceled by the Cancel button in that Order Entry box.

Figure 8.4

2.2. Market Depth Order Entry box

First, select the Cancel action by clicking on the drop-down menu button on the right of the Cancel action button (Figure 8.5). After you select the Cancel action (Cancel Last, Cancel All, Cancel Buys, Cancel Sells), the Cancel button label updates accordingly. Then you may perform the Cancel action for the selected symbol.

Please note that only the orders sent out from the same Order Entry box can be canceled by the Cancel Last button in that Order Entry box.

Figure 8.5