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 ?
We're crossing fingers and rubbing rabbit's feet that more people will look past coat color when adopting cats and other animals.
So in truth it will all be down to keeping Wayne Rooney fit, hoping Rio Ferdinand regains his marbles or Ledley King takes a pilgrimage to Lourdes, practising penalties night and day, crossing fingers, touching wood and getting hold of some lucky clovers that the Irish won't be needing.
However, the first concern of both coaches and players will be the weather, with everyone crossing fingers the rain holds off ahead of Saturday's 3.
All in all, and crossing fingers, I feel sure that when the track gets on-course bookmakers, the atmosphere will improve.
Superstition has a horrible habit of becoming a self-fulfilling prophecy so I tell myself it's all rubbish, while crossing fingers and hoping that life won't automatically go pear-shaped.