Cross

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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 ?
Arugula and radishes make good crosser crops for a beginner to try because relatively few gardeners grow arugula or allow their radishes to go to seed.
Mexico border as site-specific text needs to incorporate conceptions of the border, border crossing, and border crossers into a metaphorical and rhetorical paradigm.
I am fortunate that I can provide for my family, and I realize that most of the crossers only want to do the same.
Fasano figures that as many as 300,000 San Diego border crossers could enter the system, and that 50% could qualify for expedited crossing.
arrests enough of the border crossers to create the illusion that it is enforcing the immigration laws while allowing the great majority to get through.
65 million border crossers in the Southwest, up more than 100,000 from the year before.
If the QB takes the ball off the line, B must gain depth and look for crossers.
We may have caught these bodies at the point where they're about to become Neptune crossers," he says.
Today, the City of Santa Ana launches the Santa Ana Safe Street Crossers public education campaign to raise awareness about pedestrian safety.
Border Patrol data measuring the effectiveness of its removal strategies, the Migration Policy Institute (MPI) finds in a pair of reports issued today that there has been a significant decline in attempted re-entries by unauthorized border crossers.
Dilating upon the issue of inadvertent border crossers, both sides assured their expeditious repatriation.