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Cross Trade
(redirected from Cross Trades)

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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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The dollar is also under profit-taking pressure in cross trades after the euro failed to touch its upside of 149 yen overnight,'' Harada said.
NASDAQ made adjustments to Opening Cross Trades of Silgan Holdings Inc.
New Technology Enables Sub-Advised Investment Platforms to Efficiently Execute Cross Trades DENVER -- UAT, Inc.
 
 
 
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