Cross

(redirected from crossing path)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Crossing Paths illustrated how much performing arts disciplines have in common and how valuable local roundtables can be to the work of arts educators.
In the 1930s, Ralph Ellison and Albert Murray overlapped by one year as students at Tuskegee University, where they barely knew each other; they became friends a decade later, crossing paths in New York.
Yet somehow she keeps crossing paths with A-list celebrity Louis Plantagenet and slowly finds herself learning that even super stars can be human.
Cruise's ex-wife Nicole Kidman is also attending the festival - raising the prospect of the two women crossing paths.