what is revocation of order?



0
meaning of the term revocation of order?what are the problems with modification?

1 Answer(s)


0

ORDERING - It is a trade instruction given to a broaker who will buy/sell securities for the client/investor. it is a building block of the stock market . it will provide a difference between a profitable trade and a costly trade .

REVOCATION OF TRADE--If an investor wishes to modify the terms of the trade or wishes to cancel his/her existing order and resubmit a fresh order it is mainly a revocation of order 

PROBLEMS WITH MODIFICATION-By the time  a fresh order is issued market conditions may change adversly. An existing order may get executed before the trader is able to have it cancelled . Correct specification of order is critical moreover speed is the essence of order placement , execution and cancellation

Your Answer

Click on this code-snippet-icon icon to add code snippet.

Upload Files (Maximum image file size - 1.5 MB, other file size - 10 MB, total size - not more than 50 MB)

Email
Password