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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 ?
Both the SAS and SSAE cross-refer to Statement on Quality Control Standards no.
For example, coordinate a golf foursome between several business contacts you know could cross-refer one another, such as your CPA, your financial advisor and your real estate investment advisor.
BOC), to mutually cross-refer customers in addition to carry out different joint marketing activities.
LOS ANGELES -- Universal Detection Technology (OTCBB:UDTT) - The Company announced today that it has entered into an agreement with New Air Technologies (NAT), a company that provides building decontamination solutions, to collaborate on marketing activities and to cross-refer each company's products and services to their respective customers.
Julius Baer Group Ltd announced that it has inked a strategic collaboration deal with Bank of China (BOC) to mutually cross-refer clients as well as undertake various joint marketing activities.
We filter, validate and share information with our members, and cross-refer them to other networks such as MyBizHomepage.
have entered into a partnership agreement under which the two companies will cross-refer each other to customers within their respective customer bases as well as conduct joint marketing activities in sales situations where one or the other detects a logical fit for the partner's system, it was announced today by Gregory T.
com's affiliate marketing program by providing them with the tools and technology needed to cross-refer their customers, strengthening DriveOff.
com, by providing them with the resources to cross-refer their customers.