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 a result, border crossers from Mexico into the United States are perceived as illegal or illegitimate by the political state, which labels them as "political criminals.
So is this statement by Ben Barres, a female-to-male gender crosser and professor of neurorobiology and developmental biology at Stanford (yeah: the more eminent the university, the more relaxed it is about gender change: Roughgarden and Barres are not the only two at Stanford; and guess which provost helped them?
Dee knew a gender crosser from Galesburg, Illinois, an otherwise normal working-class person, who after two years and $2,500 of "therapy" from a local psychologist was still being delayed: You have more issues to work on.
Aye, it was tough with a section of the fans blaming the chairman for everything and eventually demonstrating," recalled Crosser.
The diagram shows how the defender takes away the curl with his body while his eyes hunt for a crosser, before looking to the QB.
Having eventually squeezed through 3-2 at Upton Park Crosser saw his side draw 1-1 at Stamford Bridge in the quarter-finals before a last-minute winner by Gordon Armstrong made it 2-1 in the replay.
Like the Peugeot, the C Crosser will be available with a new 156bhp 2.
The farther this foot is placed behind the ball or the more the crosser leans back, the more lofted the resulting cross will be.
Jimmy is chief hot cross bun crosser for Greggs in the North East.
Insiders say that the average Mercedes customer's expectations are so high that Benz buyers get a lot crosser than most when dealers fail to deliver.
Citro'n's new sport utility C Crosser will be seen for the first time at next month's Geneva motor show before going on sale this summer alongside its Peugeot 4007 counterpart.