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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 ?
The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Crossroads are intended to identify such forward-looking statements.
We are proud to welcome Crossroads Systems as the newest member of the Cyber Security Industry Alliance," said Paul Kurtz, executive director of CSIA.
Crossroads enrollment into the CSIA coincides with another advocacy effort to ensure global cyber security, the National Cyber Security Awareness Month.
ITUG Summit 2006 presents Crossroads and TapeLabs with a targeted audience for demonstrating our innovative BIA technologies," said Allan Ignatin, Chief Technology Officer at Crossroads Systems and founder of Tape Laboratories.
Crossroads is expanding its sales model to engage directly with end users via a new channel composed of Value Added Resellers (VARs), System Integrators (SIs) and consulting firms," said Jo McCausland, head of the Crossroads BIA Partner Program.
The Crossroads BIA Partners Program is custom-designed to rapidly deploy new key logical data protection solutions in a fully supported manner and promote offerings through a series of joint channel marketing and sales activities.
In February 2006, Crossroads announced the expansion of its offerings from pure Storage Area Network (SAN) routing products to an entire suite of Business Information Assurance (BIA) solutions.
We are very excited to be working so closely with Crossroads as a partner in the BIA Partner Program," said Phil Horvath, Chief Technology Officer at Apptis.
Enhanced Management - Status information and management settings are accessed using an intuitive Crossroads Visual Manager (CVM) "point and click" user interface.
The introduction of our NearEdge iSCSI-based solutions provides our customers with a cost-effective mechanism to deploy shared, consolidated storage," said Rob Sims, President and CEO of Crossroads.