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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 ?
London [UK], July 4 ( ANI ): Swiss tennis star Roger Federer will look to continue his winning start to the Wimbledon campaign when he crosses swords with Solvak tennis player Lukas Lacko in the second round of the men's singles event here on Wednesday.
London [UK], July 3 ( ANI ): Spanish tennis maestro Rafael Nadal will look to begin his campaign at Wimbledon on a winning note when he crosses swords with Israeli player Dudi Sela in their opening match of the men's singles event here on Tuesday.
Halle [Germany], June 22 ( ANI ): World number one Roger Federer will aim to book his place in the semi-finals of the ongoing Halle Open, when he crosses swords with Matthew Ebden of Australia in their last-eight clash of the tournament here on Friday.
Paris [France], June 7 ( ANI ): World number one Simona Halep will aim to book her place in the finals of the ongoing French Open when she crosses swords with Spanish-Venezuelan player Garbine Muguruza in their last-four clash here on Thursday.