CANCEL FORMER ORDER - CFO
An deal from the person who invest to a broker, to removed and call off the order that was placed earlier that has not yet been recorded. CFO or Cancel former order is used by an investor who has changed his or her decision regarding a securities deal that has not yet been performed or carry over and hopes to alter one or more of the order parameters, such as amount or price. By calling off the past order, a cancel former order guarantees that no order multiplication will happen if the client makes a new order for the similar security.
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