In trading, the terms “open,” “executed,” and “cancelled” refer to the status of an order placed on the stock exchange. Here’s what each term means:
1. Open Order
An open order is an order that has been placed but not yet executed (fully or partially).
It remains active until:
It gets executed (either fully or partially), or
It is cancelled by the trader, or
It expires (if it’s a Day or GTT order).
Example:
You placed a buy order for 100 shares at ₹500. If no seller matches that price, your order remains open.
2. Executed Order
An executed order means your order has been successfully matched with a buyer/seller and the trade is completed.
It may be:
Fully executed – all shares are traded, or
Partially executed – some shares are traded, the rest stay “open.”
Example:
If you placed a sell order for 200 shares and only 100 get sold, your order is partially executed.
3. Cancelled Order
A cancelled order is one that was withdrawn before being executed.
You (the trader) or the system (due to rules or expiration) can cancel it.
Example:
You placed a buy order, but the stock didn’t fall to your price. You cancel it manually. It’s now cancelled.
Order Rejected” means that the order you tried to place was not accepted by the exchange or broker, and no trade happened.
It is not an “open” or “cancelled” order — it was blocked before execution due to some issue
What to Do If Your Order Is Rejected:
Check the rejection message in your order book (it gives the exact reason).
Correct the issue (e.g., add funds, change order type, check timings).
Re-place the order after fixing the problem.
Example:
You place a buy order for 500 shares of a stock worth ₹100 each, but you only have ₹10,000 in your account.
Result: Order is rejected due to insufficient funds.
