clean trade

Clean Trade

A trade in which a brokerage is able to match clients' buy and sell orders precisely. This is beneficial for the brokerage as it means that it does not have to find more securities or sell from its own inventory in order to fill the orders. It is also called a clean cross.

clean trade

A security transaction by a broker that exactly matches customer buy and sell orders. Thus, the broker does not find it necessary either to acquire securities or to sell from inventory in order to complete the transaction. Also called clean cross.
References in periodicals archive ?
It was nice that it was just a clean trade, though.
He later said: "The defence trade, the defence industry, is an important industry for Britain and I want that to be a clean industry and a clean trade.
A CLEAN TRADE POLICY FRAMEWORK FOR IMPORTING STATES
Two Clean Trade policies, described below, are designed for these "worst of the worst" resource-cursed countries.
Disqualified Countries: A Clean Trade Act and Clean Hands Trusts
States implementing a Clean Trade framework will disengage their consumer demand from the most extreme authoritarian regimes and failed states, and encourage their trade partners to join them, with two policies: a Clean Trade Act and Clean Hands Trusts.
A Clean Trade Act will set out legal penalties for any citizen or corporation facilitating the import of natural resources from a disqualified country into the enacting jurisdiction.
Passing a Clean Trade Act will create a level playing field for all corporations operating within the jurisdiction of the implementing state.
Yet by itself a Clean Trade Act will disadvantage firms that are within the jurisdiction of the implementing state relative to those that are not.
Any state that passes a Clean Trade Act can exert this horizontal pressure on trade partners through the establishment of Clean Hands Trusts.
Selig now employs his skills in a legitimate and clean trade, yet it still is a business and his source of livelihood.
The Tick Equity Database, which includes clean trade and quote data from January 1, 1993 to present, was developed for quantitative investment professionals who require institutional-quality, ready-to-use historical equity data to design, test, and validate trading strategies and order execution services.