DEFINITION of 'Expunge'

An action that destroys any record of an AUTEX indication. Expunging an indication will permanently remove an trace of a trader's advertisement for a block order.


Canceling an AUTEX indication will prevent the notice from being displayed. Once removed, the indication still remains on the historical records. This may not be desirable for some traders, who want no permanent record of their desire to buy or sell a large volume of stock. Expunging the indication will remove it from the display and prevent it from being stored in historical data.

  1. Block

    A large amount of the same security bought or sold by institutional ...
  2. Institutional Investor

    A non-bank person or organization that trades securities in large ...
  3. AUTEX

    AUTEX is an electronic platform from Thomson Financial that allows ...
  4. Block Trade

    An order or trade submitted for sale or purchase of a large quantity ...
  5. Market Order

    An order that an investor makes through a broker or brokerage ...
  6. Clowngrade

    An upgrade or downgrade of a security for reasons considered ...
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