Modifying & Cancelling Orders
Scottrade will advise you when an order is in transit to the marketplace by placing the order in a Pending status until we receive acknowledgement that the modify or cancel has been accepted. This should only affect you if there is a delay in communication between the marketplace and Scottrade, during irregular market conditions, or when trading in thinly traded stocks.
When modifying or canceling an order:
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You may notice the Open Orders Screen will show a status of either Pending Modify or Pending Cancel, depending on the action you have selected.
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Once you have submitted a modification or cancellation for an existing Open order, additional changes to that order will not be accepted until an acknowledgement has been received from the order destination in the marketplace.
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When the new order shows an Open status, you may make additional modifications or cancellations.
If you have any questions, please contact your local branch office.
| Scottrade Trading Site: Modifying/Cancelling an Open Order |
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| Trading: Order Status in Advanced Orders |
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Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses are available through our trading site or through a Scottrade branch office. The prospectus should be read carefully before investing. No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.
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