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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 Prievoz crossroad was one of the most accident-prone areas in Bratislava," he said, as quoted by TASR.
Crossroads I and III were financed by JP Morgan Chase and Crossroads II was financed by Wells Fargo, which was also a tax credit investor.
CrossRoads Extremity Systems' mission is to develop and commercialize innovative technologies in the orthopedic extremity sector that improve the operating room experience and patient outcomes through simplicity and accuracy for the surgeon, and sustainability and cost reduction for healthcare institutions.
Waller, Lansden, Dortch, and Davis, LLP served as legal advisor to CrossRoads.
In 1997, the Crossroads Centre opened in premises opposite the village fire station, providing free, confidential advice and information through recognised agencies.
She said: "I am delighted audiences will be able to experience the phenomenon that was Crossroads.
The Crossroads team is very pleased to welcome Bertin-Epp to their team and is encouraged by her presence to date.
Crossroads subsequently expanded to become a national organisation with more than 250 local schemes throughout Wales and England, with a sister organisation in Scotland, Crossroads Caring Scotland.
The 24-inch Crossroads pipeline is expected to be completed by the end of 2014 and the 36-inch Crossroads pipeline in early 2015.
Critique: A masterpiece of seminal and exhaustive scholarly research, "Copts At The Crossroads" is an important contribution to the growing library of information arising from the political evolution of Egyptian society, culture, and national development.
Eric Clapton's Crossroads Guitar Festival 2013 Featuring the best performances and backstage access from Clapton's Crossroads Guitar Festival pre-recorded over two nights at Madison Square Garden this past April, 7:30 p.m.