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 ?
Northern League second division Town are the last Teesside club left in the FA Vase, and centre back Crossen said the club is very much on the up at the moment under Barry Oliver's management.
The road has binder on it, but was never finished, Crossen said.
Crossen's tone is sometimes too somber and self-important.
Crossen makes a strong case that in the rush to enliven the daily news, journalists increasingly are allowing themselves to pass along half-truths and misleading data produced by corporations and lobbyists.
"People know enough to be suspicious of some numbers in some contexts, but we are at the mercy of others," Crossen writes.
Goalkeeper Giles Moore made some crucial saves, while Crossen struck a post with a vicious shot.
However, dark matter has been detected only by its gravitational effects, and Crossen's article was concerned with the aspects of the Milky Way Galaxy that can be observed directly and studied in detail--hence the omission of dark matter in his tally.
Another developer, Gary Crossen, in June bought a different undeveloped section in the middle of the complex that had been foreclosed by Clinton Savings Bank.
Retired insurance manager Richard Crossen, 56, was on the boat and took pictures of the super pod.
Crossen recorded career highs in passing yards -- 256 -- and passing touchdowns -- 5 -- during the Saints' 56-20 DuKane Conference triumph over Geneva (0-5, 0-3) at Norris Stadium in St.
"Most businesses consider rust more of a nuisance than a problem," explained Peter Crossen, VP of the Maintenance and Partsmaster Innovation Platform at NCH Europe.
TEESSIDER Matt Crossen got his name on the scoresheet as Team GB earned themselves a fifth place finish in the Paralympics football competition by beating Argentina 2-0.