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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 ?
cross-reference, the forum court lacks declaratory power over the
The majority of these are entries for infrequently used variants of words and cross-references to other entries.
They allow you to record, index and cross-reference all client communications such as telephone conversations, written correspondence (e-mail as well as regular mail) and attachments (such as marketing pieces and insurance illustrations), faxes and face-to-face meetings.
Through back-end technology, the Paychex (k)Index tool cross-references investments on the Paychex 401(k) recordkeeping platform with a variety of broker/dealer rosters.
Those companies with Enhanced Listings appear in Red in the cross-references.
Deletes unnecessary text on structuring of contracts and unnecessary cross-references; updates policy on source selection evaluation factors; and relocates to PGI, procedures for preparation of source selection plans and examples of source selection evaluation factors.
The numerous extensive cross-references and indexes make Videohound's Golden Movie Retriever 2006: The Complete Guide To Movies On Videocassette And DVD the best of show, hands-down.
New terms are connected to old, with cross-references to Internet terminology where appropriate.
Broad subjects such as migration, plumage, and threats to bird-life are treated in essay form, while aspects of physiology and anatomy are detailed catalog-style with a multitude of cross-references. Appendices include "Checklist of North American Birds," "Classification of Major Categories of Extinct Birds," and "Birdwatcher's Calendar." Princeton U Pr, 2004, 1,039 p., b&w illus., hardcover, $39.50,
www.cdc.gov/travel For people with concerns about their health overseas, the Centers for Disease Control and Prevention provides an efficient site that cross-references regions, diseases, and recommended vaccinations.
But while Pettibon's stories extend in different directions through a cluster of individual pages, Sasnal's work is open to a sequential reading, though one charged with cross-references, capable of being read back and forth.
Features and benefits, applications and optional accessories are provided for each instrument, as well as many helpful cross-references and a glossary of terms used in viscosity measurement and texture analysis.