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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 ?
One day, however, Odessa runs away from home and crosses paths with the mysterious Ella Mae, a woman who holds the key to both her past and her future, Through Ella Mae's lengthy retelling of her own tragic past, Odessa is finally able to reclaim her own truth.
En route, the young man crosses paths with Porthos (Ray Stevenson), Athos (Matthew Macfadyen) and Aramis (Luke Evans) and demonstrates his talents with a sword by challenging Rochefort (Mads Mikkelsen), the head of the guards.
As part of the Britney World Tour, Spears clings to a rotating wheel as the target of a knife thrower, crosses paths with a gang of ominous seducers and challenges a mirror-image of herself in a dance to the finish.