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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
If we cannot see the cross, we can see the grains of wheat.
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.
There were other pinpoints of light around the cross; Mary is mentioned, standing by the foot of the cross, with some other women who had been following the Master.
And I wish we Christians, especially we Catholics, would be more thoughtful about the way we use the cross, mindful of how it affects those around us, aware always of how we have used it in history.
There was some evidence of back-waves in the simulation as metal filled the cross bar/riser, but these were little more than undulations on the surface.
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.
Blessitt said that over the years he has been turned away from half the churches where he requested a place for the cross overnight, but that the cross was never refused an overnight stay at a bar or a nightclub.
Traditionally, the cross is a national characteristic of teams like Germany, Ireland, and the English.
The cross confirms that death will not be in vain, but the painterly excitement suggests that its meaning may be absorbed in a beautiful, passing moment.
Last year, the Cross Country Ski Areas Association (CCSAA), a trade group with 250 members in North America, issued a policy condoning government ski facilities and trail grooming only when they fill a void in the private sector.
There are many legends about the cross of the Crucifixion.
[USPRwire, Fri May 10 2019] In the recent years, consumers are seeking sustainable packaging to the extent that it affects the choices, which plays an important role in the growth of the cross bottom bags market.