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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 ?
We plan to review and discuss those proposed enhancements upon receipt and we will transmit no data to Crosscheck until security issues are addressed to our satisfaction," Illinois State Board of Elections executive director Steve Sandvoss wrote in a letter sent to lawmakers last week, which election officials confirmed Tuesday.
A negative result from Crosscheck means that raw meat residues were not detected and that the risks are low.
What's more, we have integrated CrossCheck with a unique morphology feature that recognizes glossary terms even when inflected or conjugated.
We believe that Crosscheck Networks offers a unique set of products that fill a significant need for optimising and securing web service through its lifecycle," Slaats added.
In 2014, a county in Idaho acknowledged that it wrongly purged voters over Crosscheck information.
John Barrie, CEO of iParadigms, said he sees CrossCheck "as the next logical evolution of the technology behind Turnitin--a service that has already become part of how secondary and higher education work.
Since conducting business securely is paramount, Crosscheck now offers extensive Federated SOA testing without adding unnecessary complexity.
Crosscheck Networks' holistic product suite includes the following products that can be deployed together or seamlessly integrated with what organizations are already using:
BOSTON -- Crosscheck Networks, the leader in Web services testing, simulation and security, announced that it will exhibit at Infosecurity Netherlands 2009 (Booth A126), taking place at Jaarbeurs Utrecht - Hall 1 on the 4th to 5th of November.
Additionally, the Crosscheck Networks senior executives will offer countermeasure best practices to mitigate the risk of, and exposure to, those identified XML security threats.
CrossCheck provides check conversion, verification, guarantee and collection services to retail merchants, auto dealers and businesses throughout the United States.
He was instrumental in developing CrossCheck's sales channels, helped lead CrossCheck to record growth, and was responsible for introducing many of the company's innovative programs.