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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 ?
CROSSED'S JOURNEY THROUGH SOME OF THE DEFINING causes of our time began during her short time at Howard University in the 1960s.
Years later, as she was starting a family, Crossed became concerned about world hunger.
The incarnational advent of Jesus signals a new world in which God has crossed over to identify with human struggle.
Yet such a boundary is not to be crossed lightly, both on account of the great cost in social consequences, and because the chasm between creature and Creator is downright terrifying.
The division crossed the line of departure at H-hour (292000 February) with the 1BCT (main effort in the east) and the 2BCT (supporting effort in the west) attacking to destroy Orangeland forces in the zone.
Emphasizing the fundamental of speed, Task Force Pioneer West rapidly built a ribbon bridge, while continuing rafting operations at the Kaw site, and crossed two task forces before the OPFOR destroyed the bridge with massed rocket artillery and close air support.
The dictionary defines "threshold" as: "A sill of timber or stone forming the bottom of a doorway and crossed in entering a house or room; the entrance to a house, building, or room."(5) The Supreme Court apparently had a similar definition in mind in United States v.
In both of those cases, law enforcement officers physically crossed the threshold--i.e., walked through the door--and entered a private residence.
They favored a route that began in Omaha, Nebraska, crossed what is now Nebraska, Wyoming, Utah, and Nevada, and ended up in Sacramento, California (see map).
The Transcontinental Railroad crossed 1,700 miles of plains and desert, spanned rivers, and tunneled through mountains.