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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 ?
Duan has demanded an apology, a stop to further printing of Crossing Swords and pounds 15,000 compensation.
GABRIAL can prove himself no worse for crossing swords with the mighty Frankel by lifting the Group 3 Rose Of Lancaster Stakes (2.
You've got to feel sorry, then, for poor old Jamie Hunter when he makes the mistake of crossing swords with Lenny this week.
WHILE kennel star Late Late Show will be in action at Shelbourne, two of his kennel companions will be crossing swords in Cork's final of the Irpounds 5,000 Barry's Tea 700 at Cork.