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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 ?
php), Crosscheck Networks and its wholly owned subsidiary Forum Systems (http://www.
In addition to Pennsylvania, other states in the Interstate Voter Registration Crosscheck Program include: Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee and Virginia.
Crosscheck Networks and its wholly owned subsidiary Forum Systems deliver solutions for deploying robust, resilient, secure and reliable Web services.
Treasury, British Telecommunications, Fidelity, Premera Blue Cross and the Dutch Health Care System rely on Crosscheck Networks and Forum Systems as the backbone of their secure transaction processing.
Crosscheck Networks is experiencing strong growth in the EMEA markets," said Mamoon Yunus, CEO of Crosscheck Networks.
At the Gartner Application Architecture Summit, Crosscheck Networks will demonstrate the following service testing and simulation features:
Before joining CrossCheck, Ficarra served as Vice President of Sales for American Marketing Corporation (AMCOR), one of the nation's first mega ISOs.
0 is immediately available to all Crosscheck Networks customers running version 3.
Akin to when Web site testing was required to ensure that site scalability/performance matched increased traffic, enterprises are currently experiencing a sharp rise in the demand for services that scale to a large number of both internal and external users," said Mamoon Yunus, CEO of Crosscheck Networks.
Crosscheck Networks SOAPSonar integrates with AET SafeSign Identity Client to test WS-Security using hardware tokens.
CrossCheck provides conversion services to retailers, medical and dental groups and automobile dealerships throughout the country.