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cross
(redirected from crosses swords)

    Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
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, 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.


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? Mentioned in ? References in periodicals archive
 
Pierce Brosnan, left, crosses swords with Toby Stephens in ``Die Another Day,'' the 20th film in the James Bond series.
TIME TO PUT 007 ON ICE by Daily News (Los Angeles, CA)
Where she crosses swords with the business world is in her efforts to get industry to toe the environmental line.
AQMD's chief prosecutor has an air about her by Fine, Howard / Los Angeles Business Journal
The litigious environmental-protection group, which periodically crosses swords with utilities nationwide, was launched, in part, fighting a hydroelectric plant by the Hudson River to save a scenic forest.
A former environmental lawyer takes the controls at ... by White, Todd / Los Angeles Business Journal
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