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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 ?
Ninth Circuit Court of Appeals, which upholds the decision, ruling that the mere designation of the cross as a war memorial isn't enough to satisfy the "no preference clause" of the California Constitution.
BUT THE CHURCH HAS SET ASIDE ANOTHER DAY FOR CONSIDering this sign: the celebration of the Exaltation or Triumph of the Cross.
Since this behavior is universal it is often convenient for comparison purposes to plot the cross section against the overvoltage U, the ratio of the electron energy to the binding energy.
Scoring from a flank service requires two good plays - the cross itself and the shot that follows.
After the fourth-century peace of the church with the state, the cross became more and more common in Christian art.
For the first three centuries of Christianity, the image of the cross was used primarily in private devotion.
The meeting comes on the heels of the company's recent certification from the United States Environmental Protection Agency (EPA) for the Cross Lander 244X.
Cross Lander already has an extensive dealership network in place and will be introducing a new line of SRVs that will be sold under the Cross Lander brand name, beginning with the Cross Lander 244X.
Getting fingerprints in the field and creating an identification record is far more efficient using the Cross Match live scan approach than the traditional ink and paper method," said Robert Christensen, a Cross Match vice president responsible for government and international business development and an industry-recognized fingerprinting expert.
This work culminated in the recent launch of the Cross :Convergence pen; a pen that helps link print to the internet.
The new look will gradually be incorporated into new packaging, point-of-sale displays, website, and all other collateral materials for both traditional writing instrument products as well as the Cross digital pen products.
The Cross Pen Computing Group (PCG), a division of A.