Cross

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Related to crossed path: cross-purposes, cross off, cross to carry

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 ?
However, Scherzinger insists it's "understandable" they never crossed paths in the two months her group shared the same stage as Spears, due to their hectic schedules.
TV'S GROUND FORCE presenter Tommy Walsh told today how he crossed paths with the murderer of American artist Margaret Muller minutes before she died.
While QM marks the first time the Queen of Mud and her psychiatric other have crossed paths, the two have been mainstays of Siden's work since 1989, when the artist's fleshy, Golem-like alter ego turned up at the perfume counter at NK, Stockholm's fanciest department store, asking to sample something by Chanel.
Chistyakov crossed paths with Lawrence in 1982 when both were engineers at Amdahl's Communications Systems Division.
The two crossed paths again at an MLS game about a year later and have remained in contact since.
Uniquely situated at the top of the Mississippi Delta, Memphis was a locus where folks of both races crossed paths on their way up north during the Great Black Migration that was fully underway in the '40s.
There are few people of quality in show business who have not yet crossed paths with Streep, as was evident in tributes from co-stars such as Kurt Russell (``Silkwood''), Shirley MacLaine (``Postcards From the Edge''), Goldie Hawn (``Death Becomes Her''), Jack Nicholson (``Ironweed''), Robert De Niro (``The Deer Hunter''), Diane Keaton (``Marvin's Room'') and Clint Eastwood (``The Bridges of Madison County'').
The two occasionally crossed paths in the radiotherapy world, with client hospitals sometimes using both technologies for treatment.
We crossed paths, and at that point it made sense to work together,'' he said.