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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
It has a pair of crossed sword as a marking of sorts.
They depict late 18th/early 19th century Afro-Caribbean figures and the crossed swords appear to indicate the Meissen Factory.
The MP has frequently crossed swords with council leader Alex Watson.
The memorial was built with money raised through a public appeal.The life-size bronze statute of St Tydfil stands on a base bearing a helmet and crossed swords, ornamented with rams' heads and garlands representing an altar of sacrifice.
Yesterday's attack by Professor Phil Cooke was not the first time the academic has crossed swords with the Assembly Government.
Now Dow - who has crossed swords with Perth and Kinross MP Roseanna Cunningham - has declared himself a Holyrood hopeful.
FOR over 40 years the Rev Ian Paisley has crossed swords with successive Irish prime ministers, but never like this.
Labour MPs crossed swords yesterday in a battle over how to re-draw the political map of the North.
Scotsman Allan McNish has issued a warning to JJ Lehto after the two ex-Formula One crossed swords in qualifying for today's Sebring 12 Hours.
McDowell has already crossed swords with the world's best in the NEC Invitational at Firestone and is a certain regular winner who is not afraid of being in front.
The last time Nick Griffin and Alex Carlile crossed swords, Griffin ended up with a suspended prison sentence.