Cross Trade

Cross Trade

A trade in which a broker offsets buy and sell orders without recording the orders on the exchange where the trade is taking place. Suppose a broker receives one order to buy 1,000 shares at $45 and another to sell 1,000 shares at $45. If he simply matches these two orders without publicizing them on an exchange to see if better prices are available, he conducts a cross trade. This could prevent investors from taking advantage of a better price. A cross trade may be considered a form of price manipulation and, as such, is prohibited.
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The initiative has already garnered tremendous interest and momentum from supporters across the globe including Business France, Cross Trade agency in Singapore, Digi Robotics in the UAE, Egypt's Information Technology Industry Development Agency (ITIDA), Japan's Jetro agency, Marco Trade Export in Morocco, Star Systems agency in Iran and STC from Saudi Arabia.
She sold them to Ge at the highest current independent bid price available for the securities, and executed the repurchase side of the cross trade at a small markup over the sales price, according to the SEC.
In a cross trade, buy and sell orders for the same stock are offset without recording the trade on the exchange.
During their two-day meeting in Riyadh, Arab leaders will discuss Arab railway land linkage, increase of investment and cross trade, measures taken to activate customs union in 2015, aviation, power generation and grid among other things.
Cabotage bucked the trend by growing strongly in 2011, while national, international and cross trade transport declined.
Mark, who joined the Navy in 1998 and served for six years, is now a Cross Trade Technician for Babcock on the SKIOS contract at RAF Valley and no longer in the forces.
This was the first meeting of its kind in India by the bank's Board, demonstrating ADCB's commitment to business in India represented through its branch network in Mumbai and Bangalore and significant cross trade business from the UAE.
The regional exchange's 'validated cross window' gave a member firm three minutes to submit a cross trade for execution and reporting, but the window could also be refreshed to capture a subsequent NBBO snapshot.
8 million cross trade on Solidere stocks, according to BLOMINVEST BANK's The Lebanon Brief.
Tawfiq bin Fawzan Al-Rabee'a, currently on an official visit to Egypt, met today with Egypt's Minister of Industry and Foreign Trade Hatem Saleh and discussed with him issues relating to Saudi derailing investments in Egypt and ways of increasing cross trade and commercial exchange between the two countries.
The new BTL sector is operating for Cross Trade business, while also exploring any traditional common feedering requirements.
Abdulrahman Al-Zamel said today that his organization has undertaken the responsibitlty of promoting cross trade between the Kingdom and freindly countries, including India, which was considered a strategic partner over the last years upon royal instruction of our prudent leadership and emanating from the importance of encouraging cross trade among developing countries.