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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 Idea Fund will be managed by Jonathon Horne, a La Crosse native with deep understanding of the La Crosse region and professional experience in the financial services and investment industry.
La Crosse virus, for example, is extremely focal in its distribution.
Mahmoud comes to La Crosse Litho Supply with nearly 20 years of graphic arts and printing experience.
This honest labelling system on Crosse & Blackwell products ensures that detailed nutritional information is communicated and the task now is to get the message across to mums that character pasta is a wholesome food and encourage them to purchase in the sector once again.
According to the La Crosse Tribune, the potential expansion to an existing 74,000-square-foot plant would not add any jobs.
The Greatest Movie Car Chases Of All Time by Jesse Crosse is a unique and exclusive collection of the greatest Hollywood car chases and hot pursuits every recorded on film.
David Crosse offered a full and frank apology to connections of Lost In Normandy after his costly mistake at Wetherby on Saturday.
EASY: Crosse and Lost In Normandy are clear' EASIER: Crosse thinks he's won the race' BLOWN IT: Sound Of Cheers comes past blundering Crosse
David Crosse has apologised to connections of Lost In Normandy after his costly mistake at Wetherby on Saturday.
STARGAZING jockey David Crosse was banned for 28 days by the Wether-by stewards after throwing away a race he should have won on Lost In Normandy.
He was president of the La Crosse Area REALTORS Association in 1985, president of the Wisconsin REALTORS Association in 1992, and was named REALTOR of the year by both organizations.
Local Wisconsin newspaper the La Crosse Tribune reported earlier this week that a new bill introduced in the Wisconsin State Assembly would allow all-electric, battery-powered neighborhood electric vehicles (NEVs) to travel on area roads.