There can be various reasons for the cancellation of a placed order:
- Regular order validity: A market, limit or stop order is generally valid for 360 days from the day of creation. For manual orders, the validity may vary. After 360 days, the order is automatically cancelled.
- Pending corporate action: In the event of corporate actions (e.g. dividends and stock splits), orders placed on the relevant security are deleted, as corporate actions often lead to sudden price changes.
- Incorrect pricing: According to the terms and conditions for transactions on the Munich Stock Exchange (Section IV), trades can be subsequently cancelled or amended by the exchange under certain conditions. This applies in particular to so-called mistrades. Mistrades can occur, for example, due to technical malfunctions or a clearly deviating reference price. In the event of a cancellation or price adjustment of your already executed order, you will be informed by email. The view in your customer area will be updated accordingly. Limit or stop orders will not be reactivated. Please place the corresponding order again if required.
Similarly, corrections due to mistrades can also occur for trading orders on the European Investor Exchange. See Mistrade Regulation §35 of the Exchange Rules (DE-Only) of the Lower Saxony Stock Exchange in Hanover.