Cross


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Related to Cross: Cross fire, crossword, Cross stitch

Cross

Securities transaction in which the same broker acts as agent for both sides of the trade; a legal practice only if the broker first offers the securities publicly at a price higher than the bid.

Cross

To match and execute two orders made to the same broker. Suppose a broker receives one order to buy 1,000 shares at $45 and another to sell 1,000 shares at $45. If he matches these two together, he is said to cross the orders. Crossing is subject to some regulation to prevent conflict of interest on the part of the broker.

cross

To match, by a single broker or dealer, a buy order and a sell order. For example, a floor broker may have an order to buy 500 shares of IBM at $120 and another order to sell 500 shares of IBM at the same price. Subject to certain rules, the floor broker may cross the order by matching the sell and the buy orders. Crossing of stock is common in large blocks.
References in classic literature ?
Once more the Red Cross Knight was free and reunited to his Lady, while the false Duessa was unmasked and shown to be a bad old witch, who fled away "to the wasteful wilderness apace.
But the Red Cross Knight was still so weak and feeble that Despair almost persuaded him to kill himself.
The Red Cross of his Knight, "the dear remembrance of his dying Lord," was in those days the flag of England, and is still the Red Cross of our Union Jack.
The crew had known almost as soon as I that we were doomed to cross thirty, and I am inclined to believe that every man jack of them was tickled to death, for the spirits of adventure and romance still live in the hearts of men of the twenty-second century, even though there be little for them to feed upon between thirty and one hundred seventy-five.
They might cross thirty with impunity, and doubtless they would return to be heroes at home; but how different the home-coming of their commanding officer!
After Cross has been shot, he tells Houston of his regret that he has not found" 'some way to give the meaning of my life to others.
Well, to borrow a Cross Colours catchphrase, "Judge 4 Yo Self.
More women than men cross-country ski, according to the Cross Country Ski Areas Association.
The cross was not depicted at all much before the fourth century.
Another billion people recognize the cross as a sign of the life of a great prophet, descended from Abraham and born of a virgin six centuries before Mohammed.
charge the Red Cross used its dominant position in the industry to increase its market share and eliminate or prevent competition in the blood industry.