Cross

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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 periodicals archive ?
The Cardigan Welsh Corgi is one of Britain's oldest and most faithful dogs but its survival is being threatened by a celebrity-led trend for new cross-breeds.
She said: "Lady arrived and she is a delightful cross-breed bitch with a fantastic temperament.
The second dog was a black and white cross-breed which still had masking tape around one paw and was thought to have been fully bound when dumped.
Some people are conned into believing that cross-breeds are healthier than a pure breed, which is not always the case.
Victoria Beckham is said to have splashed out pounds 1,400 for a pair of miniature pot-bellied Gloucester Old Spot cross-breeds for husband David, who this week sealed a return move to Milan.
Research shows that cross-breeds have fewer health problems than pedigree cats and dogs," said David Hiddleston, Churchill's business development director.
Typically 40%-60% of calves produced in the dairy sector are cross-breeds.
The law needs urgent amendment, particularly for cross-breeds, and the use of unlicensed premises for dog-breeding.
Camels, falcons, salukis and horses populate its precincts for purposes of being researched, developing cross-breeds and creating new vaccines to meet challenging new afflictions.
David Mayo's huge cross-breeds - which are FOUR TIMES the size of ordinary rabbits - will feature in the cult BBC kids' show.
Leah's mother Diane Reynolds, 28, had only moved her family into the house, in Hawksford Crescent, Low Hill, just five days before Thursday's attack by two bull-mastiff cross-breeds.
But the Canadian timber wolf-German Shepherd cross-breeds are being advertised as "perfect family pets'' although they are three-quarters wolf.