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 ?
The cross-country ski center is at the far edge of the parking area.
In addition, many cross-country ski workouts naturally include interval training.
Ski skating is a cross-country technique that has gained rapidly in popularity over the past five years, particularly among racers.
For years experts have praised the fitness benefits of cross-country skiing, but fewer than 5 million Americans ski even a few days a year.
We have some with only one cross-country ski lesson and they do just fine,'' he said.
They hear that cross-country skiing is like walking and say, `I can do that.
There are 25 miles of groomed trails and 90 miles of marked trails for snowshoeing or cross-country skiing.
Dare to Dream'' is the theme of Vouga's cross-country tour that is sponsored by Amgen in Thousand Oaks and the National Kidney Foundation of Southern California.
This fall, Cal Baptist was ninth in the NAIA cross-country championships.
In cross-country, Luke Llamas posted one of the top 25 times ever by a ninth-grader on the hilly, 3-mile course at Mt.
Then the snow on all of those closed roads is carefully groomed for cross-country skiing, a sport as unhurried as the lodge itself.