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 ?
As a result, border crossers from Mexico into the United States are perceived as illegal or illegitimate by the political state, which labels them as "political criminals.
Why can't I ever read an article about border crossers that shows all sides of this complex and difficult matter?
AMRISTAR -- Border Security Force(BSF) handed over an inadvertent border crosser to Pakistan Rangers.
He wouldn't attack gays and gender crossers with a lead pipe, and I guess he doesn't think God hates fags.
If Doris Meissner, former Immigration and Naturalization Service Commission official, can admit in a talk to new border patrol recruits that the current strategy for patrolling the border has played a role in the deaths of illegal border crossers, then the policy is in serious need of revision.
If we get full flow away, we will stay in the seam and look for crossers.
And Elmer's shoot-'em-up may not have been his first: He faces assault charges in a separate incident in which he allegedly sprayed unarmed border crossers with machine-gun fire.
Determining the presence of unusual/suspicious crossers, Border Patrol could send in the Cyber Scout UAV to investigate.
The analysis concludes that while the spending provisions are more focused on repatriation of the illegal crossers and thus a significant improvement over the Senate and White House proposals, the provisions on handling Unaccompanied Alien Children (UACs) are more lenient than current law, assuring that the influx of juveniles will continue.
And as the argument over Bush's Guard proposal plays out, one can imagine that the stonewalling will encourage a flood of crossers who think it's now or never.
officials have been discussing "a plan to repatriate Mexican border crossers by sending them deep into their country.