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 ?
One, relating to how signallers decide when it is safe for users to cross the railway at level crossings, provides evidence supporting the need for Network Rail to complete implementation of a previous RAIB recommendation.
There are level crossings in Batley plus pedestrian crossings in Stocksmoor and Lightcliffe.
Across the whole of the Britain there were 5,716 pedestrians injured by vehicles on pedestrian crossings in 2013.
"Until that happens, we will continue to inspect and assess the crossing, with all users' safety being the main priority."
In the control centre, each barrier-protected crossing has a dedicated monitor screen.
We will have the opportunity to improve the line speed if a crossing is closed.
Shaher Sa'ad, the President of the Palestinian General Federation of Trade, Workers and Labour Unions, said that at least 1,400 Palestinian labourers have failed to reach their work places inside Israel as they missed the deadline despite being on the crossings from early in the morning.
A RTI reply received by a Delhi resident, Harpal Singh, in December 2012 stated that unmanned railway crossings led to 131 train accidents across the country in 2011- 12.
The most common material used for the production of crossing vee not only in Western Europe but also in empirical the rest of the world is the so-called MN13 manganese alloy.
On Tuesday, around 300 Gazans entered Egypt in four buses and 15 ambulances, with a Hamas official stating that 1,000 people had registered to go through the crossing. Only people who had been registered would be allowed to pass, the official added.
At 14, Victor has plenty of experience in the dangerous business of border crossing. The Mexican teen is slim with muscular legs.
Spitzer's investigation was sparked by a February 2004 accident in which an elderly couple was killed after a CSX train struck their car at a crossing near Rochester.