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ORDER MODIFICATION

Changing the price or quantity of a pending order.

Published by The Retail Trader · JUL 31, 2026 · Order Flow

Order Modification — Changing the price or quantity of a pending order. This resets your time priority in the modification queue.

WHERE THIS FITS IN

This term comes under Order Flow, in the “BROKER SCREEN PAR” section. The names of the Terminal's tabs, which differ slightly from broker to broker, are as follows:

RELATED TERMS TO READ

Other terms in this group — understanding them together is more useful:
• Order Book
• Trade Book
• Position Book
• Holdings
• Realised P&L
• Unrealised P&L
• Funds / Ledger
• Margin Available vs Margin Used
• Basket Order
• GTT Trigger Book
• Price Alert

To read the entire group and all its examples in one place, see the journal "ORDER FLOW: FROM ORDER TO EXECUTION" - this term is taken from there.

This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.

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