crossed trade

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.
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NEW YORK-- The holiday season forged an alliance that crossed trade classes as Toys "R" Us Inc.