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 ?
It was quite unbelievable and scary what happened to me with the stroke," Crossen said.
Crossen is but one of many US students interested in travelling to the UAE and the Middle East for tertiary education.
The road has binder on it, but was never finished, Crossen said.
Nicholas Eberstadt, a demographer and expert on the failures of communism, is even more portentous than Crossen in his The Tyranny of Numbers.
But Crossen doesn't limit herself to easy targets like ads in considering "the increasingly disturbing trend of inaccurate and corrupt information.
Crossen raves about what he calls one of the most amazing "how to" books ever written.
To make sure it doesn't pollute the mains water supply, the dilution system is fitted with a FLEX-GAP certified anti pollution system," continued Crossen.
Goalkeeper Giles Moore made some crucial saves, while Crossen struck a post with a vicious shot.
Retired insurance manager Richard Crossen, 56, was on the boat and took pictures of the super pod.
David Crossen, an analyst with Montgomery Securities, said the cancellation of the clinical trial will have little effect on Amgen's business.
Crossen will streamline projects between agency clients and creative staff.
Most businesses consider rust more of a nuisance than a problem," explained Peter Crossen, VP of the Maintenance and Partsmaster Innovation Platform at NCH Europe.