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 ?
The two first crossed paths back in the 1970s when Bill bought some of Sir Alan's car radios.
The Dutch midfield ace, the only player to be a Champions League winner with three separate clubs, crossed paths with Celtic's new pounds 3million summer signing when he was at the San Siro in the 2002/3 season.
At the same time, he crossed paths with Nico (the Factory muse who would go on to sing with the Velvet Underground) and even more consequentially with Viva, the Warhol "superstar" whom Auder would marry in Las Vegas in 1969.
Feijoo was 15 and Madrigal 12 when the two Boston Ballet principals crossed paths in the halls of Cuba's National Ballet School.
I imagined these guys to be like many of the other jaded pro skaters I have crossed paths with, ready to pass up searching for street spots instant for a cold drink in the club.
If regional Neanderthal populations ever crossed paths, holds Rak, "I deeply believe they would have stayed separate and not interbred."