Cross

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Related to crossed path: cross-purposes, cross off, cross to carry

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 ?
However, Scherzinger insists it's "understandable" they never crossed paths in the two months her group shared the same stage as Spears, due to their hectic schedules.
If regional Neanderthal populations ever crossed paths, holds Rak, "I deeply believe they would have stayed separate and not interbred.
For instance, analysts can see that two people crossed paths at the same place, that two events occurred in time sequence, or that information from two different sources (such as an operations report and a travel database) show a pattern.
EDWARDS AIR FORCE BASE - A space-travel pioneer and an air-travel pioneer crossed paths by chance at Edwards Air Force Base.
But in a film like Hospital or Juvenile Court these miraculous meetings, fortuitous crossed paths, feel more like scenes Chekhov might have written; we experience them as disparate, random.
Throughout Jim's corporate finance career, he has crossed paths with the mining industry.
Guerrero, who crossed paths with Jones halfway up the first-base line as Jones was headed to the dugout, insisted there was no hard feelings.