Cross

(redirected from crossness)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

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 ?
Contrary to common belief there are reliable reports of Dravidian-type kinship systems with prescriptive equations, Dravidian crossness and cross-cousin marriage in Papuan societies in Melanesia.
The Beckton and Crossness upgrades are due for completion in 2014 and the Mogden upgrade in 2013.
Her study of 153 people revealed that while men and women showed the same levels of crossness aged 18 to 25, their reactions diverged greatly as they aged.
He can't, for example, contain his crossness about people who send him postcards from their holidays.
As per the contract, the company will deliver multi-cable transit seals to Thames Water in London for its Crossness Sewage Treatment Works which is the second largest in Europe and is expected to treat 44% more sewage than its current capacity.