Cross

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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 ?
Go stand next to my desk and make a crucifix with your sinful body.
In May 2010, the crucifix fell on him, crushing his right leg.
REVEALED Emily Smith, 8, of Whitley Bay with her pet cat Lydia who swallowed a crucifix, inset
Five centuries later, a life-sized crucifix - this time a bronze sculpture - has been installed in the cathedral.
WAR ART: A crucifix in a bottle, right, was given to Herbert Addison in 1940 by a Polish prisoner during the Second World War
According to a report in the Evening Post, the crucifix was found in the Tuxford area on August 21 with the use of a metal detector.
Gattuso, a Catholic, said: "Everyone used to tell me to take off my crucifix in the dressing room.
As for the crucifix, he said, "precisely to the extent that people care about this--pro or con--the symbol still has salience and deep meaning.
We want them to be aware that Jesus died on the crucifix for each and every one of them," Acuna said.
A CATHOLIC schoolgirl was asked not to wear a crucifix on a chain because it breached health and safety rules, her father said.
Check-in staffer Nadia Eweida was told in October she must not display a small necklace crucifix.
Also in the back room was a large wooden apparatus, part easel, part crucifix, holding sheets of linen soiled with a brownish red fluid--the remains, apparently, of some offstage blood rite.