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 ?
It is one of a number of traditional breeds whose futures are threatened as owners opt for 'fashionable' cross-breeds such as Labradoodles (labrador and poodle) and Puggles (Pug and Beagle), owned by the likes of Sylvester Stallone and Uma Thurman.
Dougal is a young black and brindle cross-breed with a white chest.
The cross-breeds race separately as they are faster."
There may be variables but some of the cross-breeds are sold for more than double that.
The charges relate to an attack by two bull mastiff cross-breeds on May 16, last year.
The RSPCA has a Paws insurance programme with cover from pounds 5.95 a month for pedigree cats and pounds 9.95 a month for pedigree dogs (cross-breeds cost less).
Researchers at the Department of Animal Sciences, at Colorado State University, showed that meat from zebu and zebu cross-bred animals is less tender than that from British and European breeds and cross-breeds.
But the Canadian timber wolf-German Shepherd cross-breeds are being advertised as "perfect family pets'' although they are three-quarters wolf.
They transplanted SCNs between wild-type hamsters with activity cycles of about 24 hours, mutant hamsters with 20-hour "clocks," and cross-breeds with 22-hour cycles (SN: 9/3/88, p.148).
David Mayo's huge cross-breeds - which are FOUR TIMES the size of ordinary rabbits - will feature in the cult BBC kids' show.
Leah's mother Diane Reynolds, 28, had only moved her family into the house, in Hawksford Crescent, Low Hill, just five days before Thursday's attack by two bull-mastiff cross-breeds.
Beverley added: "Some dogs are here for months, especially cross-breeds and greyhounds, but all it takes is for the right person to walk in and very few come back to us."