Cross

(redirected from Crossed fingers)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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 ?
He added: "Not only has the minister abjectly failed to seek a restructuring of the promissory notes but that even the movement it claimed to have achieved is a jumbled-up mess of accountancy trickery and additional costs, with some crossed fingers thrown in.
The complex cap, and plenty of crossed fingers, held.
Featured elements include a dice, a star, a black cat, an eight-ball and a pair of crossed fingers.
No one should marry with crossed fingers and a skeleton in their cupboard.
Camelot chief executive Dianne Thompson, said: "We are delighted that blue plaques with the crossed fingers logo will appear on lottery-funded projects so the public can see exactly how their money has been spent and how, by playing lottery games, they have helped transform communities throughout the UK.
The new lottery logo retains the crossed fingers but has been given more of a human look, with a bigger smile, definite eyes and a shiny face.
He emphasises that there is no element of crossed fingers about this: 'I have a keyboard which has microtonal tunings, so I can hear the harmonies.
If all went well and all things were considered, we anticipate with crossed fingers that our new YMCA facility would open its doors by 2004,'' Wright said.
RIGHT place, but it was the wrong track and the wrong day for the Crossed Fingers Partnership whose Seigneur Des Bois got up in the closing stages to land the 2m handicap chase by half a length under a great ride from Graham Lee.
Today's convention will have the usual trappings of any well-staged political show, including speeches and rallies, back-room lobbying, dinners, deals and crossed fingers.
But it is a feeling accompanied by crossed fingers as a rash of injuries to medal prospects has left this British team in danger of entering the record books for the wrong reason.
But Kirsty's crossed fingers gave a clue to the reason for the daring shot.