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.
Qualifying classes are: Most handsome cross-breed dog; Prettiest cross- bred bitch; Best cross-breed rescue; The cross-breed the judge would most like to take home.
The second dog was a black and white cross-breed which still had masking tape around one paw and was thought to have been fully bound when dumped.
She said: "Lady arrived and she is a delightful cross-breed bitch with a fantastic temperament.
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.
Of the hundreds of hunter-killed deer he's examined over the past fifteen years, only two were undoubtedly cross-breeds.
Research shows that cross-breeds have fewer health problems than pedigree cats and dogs," said David Hiddleston, Churchill's business development director.
Victoria Beckham is said to have splashed out pounds 1,400 for a pair of miniature pot-bellied Gloucester Old Spot cross-breeds for husband David, who this week sealed a return move to Milan.
The charges relate to an attack by two bull mastiff cross-breeds on May 16, last year.
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.