Have you ever encountered NSE Error Code 16419 while trading on the National Stock Exchange? If so, you’re not alone. This code can be frustrating, especially when you’re eager to execute a trade.
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But fear not, for this article demystifies 16419 and equips you to conquer future trading hurdles.
ERR _CXLED_TRADE_CXL_REQ 16419 on the NSE indicates “Cancelled trade cancel request”. This essentially means that your attempt to cancel an existing order was unsuccessful.
While the error message itself is relatively straightforward, the underlying reason for the cancellation failure can be more complex.
Possible Reasons for 16419 Error Code NSE
Here are some common culprits behind 16419:
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- Invalid field values: One or more fields in your order may have incorrect values. This could include things like invalid quantity, price, symbol, order type, or expiry date.
- Invalid format: The data in your order packet might be formatted incorrectly. This could be due to typos, missing information, or improper use of separators.
- Incompatible instructions: There might be a mismatch between the book type you’re specifying (e.g., cash, delivery) and the instructions you’re providing (e.g., market order, limit order).
- Order restrictions: Certain order types or features might be restricted during specific trading sessions like pre-open.
- Technical Glitches: While rare, technical glitches at the NSE can sometimes cause order cancellations and generate error 16419.
Potential Solutions for NSE Error Code 16419 Problem
Here’s how to troubleshoot error code 16419.
1.) Carefully review your order details: Before submitting, meticulously check all fields for accuracy, particularly price, quantity, and order type. Ensure you haven’t accidentally entered incorrect information or exceeded any limitations.
2.) Consult the NSE documentation: The National Stock Exchange provides detailed documentation on their order routing protocols and error codes. Refer to these resources to understand the specific requirements for different order types and settings.
3.) Utilize order validation tools: Many trading platforms offer order validation features that automatically check for errors before submitting. Consider using these tools to catch any potential issues before they affect your trade.
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4.) Contact your broker or NSE customer support: If the error persists, seek assistance from your broker or NSE customer support. They can help you diagnose the issue and ensure your orders are correctly formatted.