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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 ?
Even worse than offering to cross-refer clients is offering to split commissions.
It does, however, cross-refer to other relevant codes and guidance.
He added: "There are many areas where we can cross-refer our customers and technology and equally many areas of duplicated cost providing opportunities to improve the margins of the enlarged Roxspur Group."
The new test will cross-refer twice as many elements.
Both the SAS and SSAE cross-refer to Statement on Quality Control Standards no.
Astonishingly, although he is here departing from the reading of Mommsen and Vetter (and Bieler), Regerat provides no adequate discussion, nor does he refer to this passage at all in his section on the MSS, while his note to 43,9 does not give the family I reading or cross-refer to where it can be found (p.
Each Lot will be assessed separately and Applicants should not cross-refer to information supplied for other Lots.
"Encouraging professionals to relate to each other's roles, cross-refer and take on additional services will be made much easier under one roof, " he added.
Administrative and clinical HealthChampion specialists also can cross-refer to employee assistance program (EAP) services.