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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 ?
The game puts you in the shoes of 10 survivors who all cross paths at certain points in the span of three days.
STAYING at Forest Mere Health Spa last weekend it would have been difficult not to cross paths with George Best.
Players will cross paths with such legendary allies and enemies as Oddjob, Scaramanga, Xenia Onatopp, and, of course, Pussy Galore on globe-spanning missions of vengeance and demolition.
STORM TOSSED: Sharon Lawrence and Mark-Paul Gosselaar didn't cross paths as regulars on ``NYPD Blue,'' her character having been bumped off a couple of seasons before Gosselaar came in.
Six Sigma and Demand Flow(R) Technology consultants often cross paths, but are considered in some cases, competitors.
Repeat'' is about a circus couple who cross paths with other travelers.
In this arena, it was natural for me to cross paths with Stephen and the other WIP principals - and I quickly recognized the group as like-minded, similarly-focused and on the road to greater success.
So, Bill Belichick notwithstanding, I wanted Brady's Patriots to keep their Cinderella tale alive for as along as possible - as long as they didn't cross paths with my cherished Steelers.