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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 ?
However, the first known published crossword puzzle was created by a journalist named Arthur Wynne from Liverpool, and as such he is credited as the inventor of the popular word game.
Instead of making crosswords containing six black squares (the five red tiles and the blank space), as in Scribe-O, the maker of this puzzle challenges solvers to make crosswords using all of the SKOR tiles, with the five red tiles to be treated as wild-card letters (like the blank files in Scrabble).
Word of the parent-child study aids spread at Highclare School, where Nicole is a pupil, and Ash was approached by parents for copies of the crosswords to use with their own children.
Mr Sharma, along with his brother Harsh and business associate Helen Lees, teamed up with a printing firm to produce the first Skips 11+ Crossword Puzzles book, which follows Key Stage 2 of the National Curriculum and focuses on grammar, sentence construction and verbal reasoning.
It has given me a renewed respect for both his intellect and that of his father, who still rings up on a Sunday afternoon to help him with any outstanding clues on their favourite Saturday crossword.
The crossword puzzle exercises were provided to students in three sections of an introductory business information systems course totaling ninety two students.
On the basis of the crossword metaphor we show that there are circumstances under which this objection misses its mark: sometimes a particular system of propositions is indeed unique.
Crossword puzzles were made online at the Discovery School's puzzlemaker Web site (http://puzzlemaker.
In recognition of our 25th anniversary, Arkansas Business has prepared a special Arkansas Business Crossword Puzzle.
Ginsberg and fellow puzzle constructor Vic Fleming, who is in real life an Arkansas judge, co-created "Grid Irony," the football-themed crossword puzzle that will appear in honor of Super Bowl Sunday in today's New York Times Magazine.
Players aim to form words, as in an ordinary crossword, reading across (left to right) or down (top to bottom).
Crossword puzzles have been a popular form of entertainment for generations.