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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 ?
Gundersen is an integrated health care delivery system based in La Crosse, WI and consists of a 325 licensed bed (258 staffed beds) hospital, over 400 physicians in its clinic, 22 branch clinics, and a health plan.
I'm having some screws taken out because the bone isn't healing well," said Crosse, who originally hoped to be back for the start of the jump season but is now resigned to a lengthy wait before being able to continue his career.
Crosse has not shaved or cut his hair since the fall, and aims to raise between pounds 5,000 and pounds 10,000 for the Injured Jockeys' Fund while on the sidelines.
Besides the brewery it is selling in Pennsylvania and the La Crosse site, Stroh has breweries in Seattle', Portland, Ore.
Recently, the price of natural gas was only $1,59 per gallon in La Crosse compared to regular gasoline costs that are above $3.
Crosse is resigned to being out for another three to five months, but his immediate concern is the nerve damage that is hampering his ability to walk.
If a major brewer doesn't buy, the La Crosse brewery could be available for making a specialty beer under contract to some other company, Medinger said.
Founded in 1987, LHI is headquartered in La Crosse, Wisconsin, with offices in Washington, D.
23, 2012 /PRNewswire/ --La Crosse may not be the technology hub of the upper Midwest by most standards, but Authenticom has a reputation in the automotive industry that would make some argue the point.
DAVE CROSSE has had mixed luck since returning from a successful visit to one of America's biggest jumps meetings.
Paul, MN, plant, shifting more than half of its production to operations in La Crosse, WI, company officials said.
CHICAGO -- The American Center for Law and Justice, which specializes in constitutional law, said today it is pleased that a federal appeals court has determined that a decision by the City of La Crosse, Wisconsin to sell a monument of the Ten Commandments and the land it sits on to the Fraternal Order of Eagles - instead of removing it - is constitutional and does not violate the Establishment Clause of the First Amendment.