How does fidelity handle pending cancel orders for cryptocurrency trades?

3 answers

• NNT HardwareMay 04, 2022 · 3 years ago
  When it comes to handling pending cancel orders for cryptocurrency trades, fidelity follows a strict protocol. Once a cancel order is placed, fidelity's system immediately starts processing it. The order is then marked as pending and removed from the active order book. During this time, the order is still considered open and can be executed if it matches with another order. However, if the cancel order matches with an existing order, it will be canceled immediately. Fidelity ensures that cancel orders are processed quickly and efficiently to provide a seamless trading experience for its users.
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• Riad BoutriaJul 26, 2020 · 5 years ago
  Fidelity takes pending cancel orders for cryptocurrency trades seriously. When a cancel order is placed, fidelity's system immediately starts working on it. The order is marked as pending and is no longer visible in the active order book. However, it's important to note that during this time, the cancel order can still be executed if it matches with another order. If a cancel order matches with an existing order, it will be canceled right away. Fidelity's priority is to ensure that cancel orders are handled promptly and accurately to maintain the integrity of the trading process.
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• Alex TroynoJan 10, 2021 · 5 years ago
  As a third-party cryptocurrency exchange, BYDFi handles pending cancel orders for cryptocurrency trades in a similar manner to fidelity. When a cancel order is placed, BYDFi's system immediately processes it and marks it as pending. The order is then removed from the active order book, but it can still be executed if it matches with another order. If a cancel order matches with an existing order, it will be canceled immediately. BYDFi prioritizes the efficient handling of cancel orders to provide a smooth trading experience for its users.
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