Busted

From Traderpedia

Definition:
A "Bust", busted or broken trade is the term used to describe the situation when an exchange cancels all or part of a traders trade. Invariably an unpopular decision for the winning party to the trade.


Busted trades usually have further complications because the trader typically will have covered his busted trade with another position, and so will be stuck with a new open position from where he covered the trade.