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.

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 ?
As for what's next, Crosse expects Eibhlin to drag him along to Pilates or yoga classes to keep fit, but he will still support his veteran buddies on match days.
Do voters agree that La Crosse County needs to spend $5 million on roads yearly to whittle down a list of $101 million in needed repairs?
Creditors and other interested parties have 21 days to file a written objection with the bankruptcy court in Eau Claire, Wisc., the La Crosse Journalnotes.
The Centers for Dis ease Control and Prevention will continue to work with public health partners to adopt a standardized surveillance definition for AFP, which we hope will mitigate the risk of an incorrect association between certain infections, like La Crosse virus, and AFP.
"It's great to see the Badger Fund moving forward and leveraging new venture capital opportunities in La Crosse and across the state."
Norfolk Sky (5-1) had a long lead when she stepped at the last obstacle, almost unseating Crosse.
The Best of British range of soups is made using iconic regional British ingredients such as Wiltshire-cured ham, Melton Mowbray stilton, Dorset ale and a variety of British-grown vegetables and is part of Crosse & Blackwell's total 21-strong range of soup varieties.
Tuesday of National Public Health Week, the La Crosse County Health Department news release focused on tobacco products other than cigarettes and how those products, such as small pouches, dissolvable tobacco products and electronic cigarettes, are targeted to youth.
Nursing Research on the Green will be held in La Crosse, WI, on April 25, 2013.
After a fun-packed day out, sit down to the perfect family meal with your hamper of British-made soups from Crosse & Blackwell.
-- The number one cause of pediatric neuroinvasive arboviral disease in the United States turns out to be--to the surprise of most physicians--La Crosse virus.