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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 ?
The original eight woman flyers recruited by Pauline Gowers were: Joan Hughes, Winifred Crossly, Margaret Unison, Mona Fried Lander, Rosemary Rees, Marion Wilberforce, the Hon Mrs.
Don't answer a question with another question, Alice said crossly.
Shortly thereafter we are brought backstage at their London concert where front woman Natalie Maines and siblings Emily Robison and Martie Maguire stare crossly at the television screen as President Bush formally announces his decision to invade Iraq.
"There aren't any stores on this island!" said Georgie crossly.
Adding heft to Burke's concerns: When I privately discussed his case with a prominent British physician who I expected would sympathize with Burke's views, I was taken aback when he told me crossly, "Burke is only thinking of himself rather than looking at the bigger picture." How thoughtless of him.
Arriving in Luang Prabang, the leech-infested Gamier donned his dazzling uniform and clanked ashore, all buckles and swords, to report crossly that no-one gave him a second glance.
However, referee Crossly pointed to the spot and there was a sense of justice in the home ranks when former England midfielder Salako dragged his spot kick wide.
"Why are you making a basket?" asked Raven crossly. "We have nothing to put in it."
"It makes me angry," he declares, crossly. "It's not fair to all the animals."