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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 ?
What I'd like to see is some sort of a grade-separated crossing.
The block trading landscape has begun to take shape around a handful of different crossing systems, including LiquidNet and Pipeline; POSIT and NASDAQ Closing Cross; and a small number of blind continuous crossing networks and internal crossing systems.
Global Crossing (NASDAQ:GLBC) provides telecommunications solutions over the world's first integrated global IP-based network.
Global Crossing (NASDAQ: GLBC) provides telecommunications solutions over the world's first integrated global IP-based network.
Free for a limited time, the new Podcast-enabled Weblog and RSS plug-ins are available today and compatible with all Web Crossing 5 installations.
With administration from any modern browser, Web Crossing Express is easy to install and manage.
The new Neurons plug-in highlights the new customization and extensibility architecture of the recently released Web Crossing version 5.
Using a new underlying plug-in architecture introduced in Web Crossing 5.
Wiki is an exciting addition to a Web Crossing collaborative environment," explained Tim Lundeen, president and CEO of Web Crossing, Inc.
The Weblog Plug-in makes it incredibly easy to add blogging to any Web Crossing collaborative environment," explained Tim Lundeen, president and CEO of Web Crossing, Inc.