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Cross Trade

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Cross Trade
A trade in which a broker offsets buy and sell orders without recording the orders on the exchange where the trade is taking place. Suppose a broker receives one order to buy 1,000 shares at $45 and another to sell 1,000 shares at $45. If he simply matches these two orders without publicizing them on an exchange to see if better prices are available, he conducts a cross trade. This could prevent investors from taking advantage of a better price. A cross trade may be considered a form of price manipulation and, as such, is prohibited.


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Cross trade Mrs Banszky has today transferred by cross trade 45,790 shares from her personal share account to her SIPP account on the open market at a price of 285.
8 million cross trade on Solidere stocks, according to BLOMINVEST BANK's The Lebanon Brief.
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