Cross

(redirected from Crossen)
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 ?
The binder coat has been on there for five to seven years, Crossen said, much longer than the expected life of the binder.
Crossen quotes a figure bruited about by Bill Clinton on the number of lobbyists in Washington that its ostensible source, a professor, admits to deriving "off the top of my head.
Crossen makes a more timely contribution in documenting a trend toward sponsored research that, inevitably it seems, produces results favorable to the sponsor.
The place Crossen located on the left side of the White Elster at km 107 + 000 behind the embankment and is limited to the south of the Rauda.
Crossen, also the developer of a condominium complex at the former Whalom Park in Lunenburg, said his company, Woodlands View, plans to resume construction on 84 units.
Crossen has joined in with Marske's warm-ups for the last few weeks and is doing daily cardio work to build up his fitness.
Paulhus said Crossen was eager to continue the development.
Crossen comes to Endwave after nearly five years as Senior Counsel at APX Incorporated of Santa Clara, a private Internet commerce company in the wholesale energy sector.
Crossen is the featured speaker at the upcoming Informed Investors Biotech Forum on Sunday morning, July 27, at the Bay Bridge Holiday Inn in Emeryville.
Matty Crossen, a 23-year-old Marske United defender, was rushed to The James Cook University Hospital in Middlesbrough after getting "pins and needles in his head" while at work.
He added : "The appointment of Lindsay Crossen as Deputy Chair will give the Board more flexibility to manage meetings and general business.
Rick'' Crossen, has been appointed director of manufacturing, research and development for Interscience, where he will be responsible for Interscience's Xerox parts-management program.