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 ?
Perales: (25) do social security claimants have an absolute right to cross-examine reporting physicians in a social security disability hearing?
The application submitted by Meesha at the SC added, 'To present a witness is the right of one respondent and to cross-examine them is the right of the other respondent.'
"If we allow the lawyers to cross-examine the witnesses, we will not be able to bring this to the impeachment court," he said.
I was wondering whySerenowants to cross-examine the complainant.
She said the rule that the committee invoked was not applicable in the first place because the subject matter is an impeachment process, not an investigation in aid of legislation, noting Section 6 of the Rules of Procedure on Impeachment recognizes the right of a respondent to cross-examine.
"Civil proceedings are in train and it is in those civil proceedings that we do get the right to cross-examine, when those allegations can be tested."
If both Pakistan and India agreed then the judicial commission could travel to India to cross-examine the witnesses in the future, the court said.
Mr Collins instructed his barrister not to cross-examine Mr Dolan.
Mr Justice Kerr provisionally fixed the hearing for August 8 and said an application could be made then to cross-examine the Minister.
Mr Lissack submitted that to deny his group a chance to cross-examine would be a gross denial of justice.
In some cases, a skilled attorney will not cross-examine at all if the witness did not harm the cross-examiner's case or if the damage was so severe that keeping the witness in front of the fact finder to answer more questions can only further harm the case.
At the next hearing of the case, the lawyer for the accused, Javed Chathari, will cross-examine the magistrate's statement.