cancelQuote

Cancel an active quote. You must pass one of the following parameters:

SERVERBybit MCP Server SOURCEbybit-exchange/trading-mcp

Medium RISK CLASS

Category Write

Parameters 00 required

Recommended Rate-limitedsee the rule below

Registry record Grade F, identity unverified Pull the record →

This record as markdown: /tools/bybit-exchange-trading-mcp/cancelquote.md

WHAT IT DOES

What cancelQuote does on Bybit MCP Server

AI agents use cancelQuote to create or update resources in Bybit MCP Server, usually the action step of a workflow, after the agent has gathered context. Every call changes real data in your Bybit MCP Server environment.

RISK

Why cancelQuote is rated Medium

Cancelling a quote is a reversible write operation — it removes an existing quote from the order book but does not execute a trade or move funds. A new quote can be submitted afterward, so it is not irreversible/destructive. However, misuse could disrupt trading strategies, hence medium severity.

From the tool's definition Cancel an active quote

Attacks that exploit this kind of access

RECOMMENDED RULE

The rule that runs cancelQuote safely

PolicyLayer is an MCP gateway: it sits between your AI agents and Bybit MCP Server, and checks every tool call against a rule you set before the call runs. Nothing changes on the server itself. For cancelQuote, this is the rule to start with:

cancelQuote Rate-limited

cancelQuote stays usable, but capped: an agent stuck in a loop can't make hundreds of changes a minute. Everything else on the server is denied unless you say otherwise.

View as policy code

policy.json

{
  "version": "1",
  "default": "deny",
  "tools": {
    "cancelQuote": {
      "limits": [
        {
          "counter": "cancelquote_rate",
          "window": "minute",
          "max": 30,
          "scope": "grant"
        }
      ]
    }
  }
}

LIMIT THIS TOOL → Instant setup, no code required.

The button opens the PolicyLayer dashboard: create your workspace, connect Bybit MCP Server, apply this rule, and every cancelQuote call is checked against it from then on.

FAQ

Questions about cancelQuote

What does the cancelQuote tool do? +

Cancel an active quote. You must pass one of the following parameters:. It is categorised as a Write tool in the Bybit MCP Server MCP Server, which means it can create or modify data. Consider rate limits to prevent runaway writes.

How do I enforce a policy on cancelQuote? +

Register the Bybit MCP Server MCP server in PolicyLayer and add a rule for cancelQuote: allow, deny, rate-limit, or require approval. Point your MCP client at the PolicyLayer proxy URL and the rule is enforced on every call, before it reaches Bybit MCP Server. Nothing to install.

What risk level is cancelQuote? +

cancelQuote is a Write tool with medium risk. Write tools should be rate-limited to prevent accidental bulk modifications.

Can I rate-limit cancelQuote? +

Yes. Add a rate_limit block to the cancelQuote rule in your PolicyLayer policy. For example, setting max: 10 and window: 60 limits the tool to 10 calls per minute. Rate limits are tracked per agent session and reset automatically.

How do I block cancelQuote completely? +

Set action: deny in the PolicyLayer policy for cancelQuote. The AI agent will receive a policy violation error and cannot call the tool. You can also include a reason field to explain why the tool is blocked.

What MCP server provides cancelQuote? +

cancelQuote is provided by the Bybit MCP Server MCP server (bybit-exchange/trading-mcp). PolicyLayer sits as a proxy in front of this server to enforce policies before tool calls reach the server.

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