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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 ?
Ninth Circuit Court of Appeals, which upholds the decision, ruling that the mere designation of the cross as a war memorial isn't enough to satisfy the "no preference clause" of the California Constitution.
The theology of the cross announces that God is in solidarity with life, pain, and suffering in the world" (p.
Since this behavior is universal it is often convenient for comparison purposes to plot the cross section against the overvoltage U, the ratio of the electron energy to the binding energy.
Scoring from a flank service requires two good plays - the cross itself and the shot that follows.
Mahony cited historical documents that noted the cross was placed on the seal adopted in 1957 to recall ``the historical importance of the Catholic missions'' in county history.
For the first three centuries of Christianity, the image of the cross was used primarily in private devotion.
After the fourth-century peace of the church with the state, the cross became more and more common in Christian art.
I knew this project was not going to be accomplished overnight, but I have total confidence in John Perez to not only bring the Cross Lander vehicles to the US, but more importantly to enforce high standards of quality and to follow through with after sale satisfaction both to the consumer and the dealer," said Jerry May, the first ever U.
Cross Lander already has an extensive dealership network in place and will be introducing a new line of SRVs that will be sold under the Cross Lander brand name, beginning with the Cross Lander 244X.
Cross Country Automotive Services is a member of The Cross Country Group, one of the largest privately held provider of customer service programs in the United States.
As the military activity in Iraq transitions to peacekeeping, the Cross Match equipment is being used to fingerprint those in U.