Cross

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Related to crosses: reciprocal crosses

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 classic literature ?
There were several additions of a later date, but above all, three crosses of red ink--two on the north part of the island, one in the southwest--and beside this last, in the same red ink, and in a small, neat hand, very different from the captain's tottery characters, these words: "Bulk of treasure here.
The regulations are explicit, and if the Coldwater crosses thirty it devolves upon you to place Lieutenant Turck under arrest and immediately exert every endeavor to bring the ship back into Pan-American waters.
Johnson, I intend retaining command of the ship, even though she crosses thirty, and I shall demand implicit obedience from every officer and man aboard until I am properly relieved from duty by a superior officer in the port of New York.
Others may prefer a wall display of the brightly colored crosses of Latin America with their vigorous affirmations of rural life painted across the surface, or the plain, bare wooden beams of a cross already vacated by the resurrected Lord.
TEAM ONE: Students representing the Virginia Attorney General should construct an argument that the teens and the Ku Klux Klan leader burned the crosses to intimidate people, thereby violating Virginia law.
Warsaw--The Polish government says it will intervene to stop the month-long controversy over the erection of crosses outside the Nazi death camp of Auschwitz--a controversy which has taken on increasingly disturbing overtones.
The four basic crosses that need mastering by flank players are shown in the diagram on page 59: the near-post cross into Area 1, the far-post cross into Area 2 or deeper into Area 3, the ball dropped back into Area 4, and the early cross delivered into the "second" box - an imaginary six-yard box extending from the top of the goal box to the penalty spot.