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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Global Banking News-June 1, 2015--BNP Paribas fined for unreported cross trades
The vessels suitable for worldwide trading, can be alternatively deployed in cross trades as per the opportunities available.
This large volume is indicative of two cross trades executed on Tuesday and Friday, of 50,000 shares each.
New Connection Services for Managed Orders Provides No-Cost Order Routing for Block Orders, Cross Trades and other Institutional Options Business
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.
The complaint charged that the five inflated Exsorber's stock price from $1 to $13 between November 1993 and February 1996 through a series of bribes and cross trades between the U.
New Technology Enables Sub-Advised Investment Platforms to Efficiently Execute Cross Trades
NASDAQ made adjustments to Opening Cross Trades of Silgan Holdings Inc.
unit usually becomes an intermediary currency in cross trades between the yen and the euro.
By providing multiple ways to cross trades and a deep liquidity pool, POSIT is one of the most trusted execution venues for traders of all styles.
An OSE official said cash trading volume has shrunk as the introduction of the mark-to-market method of accounting has led to fewer large-lot cross trades aimed at making profits.
From this platform, they can create an internal market to aggregate FX liquidity from multiple sources, create prices, internalize and cross trades, provide for algorithmic and complex event processing (CEP) trading and provide for a full eFX white-label solution.