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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 ?
My other special memory was crossing paths with Peter Ueberroth just as the coliseum was almost emptied out after the closing ceremonies.
Yet somehow she keeps crossing paths with A-list celebrity Louis Plantagenet and slowly finds herself learning that even super stars can be human.
Sea-Tac, too, has designated a "Gnome Sitter" to be with The Roaming Gnome while he is there and travelers crossing paths with them will have the opportunity to take home a vacation photo with the gregarious-yet-silent statue and hear more about his adventures from the Gnome Sitter.
There's a very long path that it actually creates, and it hooks up to other crossing paths, so we're setting up a sort of a web here to allow people to get virtually anywhere they want on a bicycle.