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 has a pair of crossed sword as a marking of sorts.
Which European porcelain factory used two blue crossed swords as its trademark?
18pm) just failed to repel Shan Rica when the pair crossed swords in A5 grade last week, but Paul Garland's bitch is fancied to turn the tables at Walthamstow's Bags meeting today, writes Tony Bullen.
The pair have crossed swords many times and Campbell will have to be on his mettle to stop the Dutch ace.
Although regular opponents in league and League Cup for the last few decades, this Saturday's game will be the first time Walsall and Shrewsbury have crossed swords in the FA Cup since that 1955 clash.
I know he and I regularly crossed swords on the Echo letters page and we disagreed passionately on certain issues but I don't think anyone who met him would ever be able to doubt his sincerity, energy and dedication to the issues surrounding care for the city's most vulnerable people.
A campaign has been launched to deselect an outspoken MP who has repeatedly crossed swords with a local council.
Every time I've crossed swords with a school over a lack of consultation with parents, I was wrong, I was told.
The pair have crossed swords twice before in the Scottish Cup and Christie has come out on top on both occasions.
The label also bears a gold crown with crossed swords and two red lions at the top, with a gold image of buildings at the bottom.
The Raiders say their rights were violated when the NFL let the Tampa Bay Buccaneers use crossed swords in their insignia and approved ``ebony and pewter'' colors for the Carolina Panthers.