crossed trade

(redirected from Crossed Trades)

Crossed trade

The prohibited practice of offsetting buy and sell orders without recording the trade on the exchange, thus not allowing other traders to take advantage of a more favorable price.

Crossed 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. This prevents traders from taking advantage of a better price. A crossed trade may be considered a form of price manipulation, and, as such, is prohibited.

crossed trade

The matching of a buy order with a sell order when the trade is not reported to the exchange on which it occurred. Crossed trades are prohibited.
Mentioned in ?