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 ?
(2) After a title identifies the film as Tarantino's eighth (hence its name), the establishing landscape shot continues, now with a closeup of a road marker or shrine, a wooden crucifix, partly obscured by snow.
'I collect anything and everything,' he said, adding that he developed a liking for crucifixes not because his great grandfather was the innovative Augustinian friar, Guillermo Masnou, nor because of his family's deep faith.
It is this crucifix that to Rodrigues, through every suffering, moral, spiritual and physical, represents the presence of Christ in each jarring moment of his long life.
Next day John returned to the Doon Inn in Hamilton, Lanarks, wearing the same top with his crucifix on show and was served instantly by a different member of staff.
"I'm a 53-year-old man and to be asked in this day and age to hide my crucifix is horrendous."
The MP's comments echo the case of British Airways check-in attendant Nadia Eweida, from Twickenham, south-west London, who was sent home from work for wearing a small silver crucifix.
THERE has been much written and discussed in regards to Christians being allowed to wear their crucifixes at work.
And then these X-ray pictures revealed the inch-long crucifix attached to a pink cord resting in her guts.
So can we turn up for work wearing either a star of David, or a burka, or a turban or a skull cap, or a bindi, but not a crucifix tattooed on the back of our hand?
The third novel of Benjamin Kwakye, The Other Crucifix chronicles the life of protagonist Jojo Badu.
Bonello also carefully distinguished between freedom of religion, which is guaranteed by European law, and "secularism, pluralism, the separation of Church and State, religious neutrality, [and] religious tolerance," which are not: "With or without a crucifix on a schoolroom wall, the Lautsis enjoyed the most absolute and untrammeled freedom of conscience and religion as demarcated by the [European] Convention.
RESIDENTS on a Middlesbrough housing estate have described their sadness at the theft of a 17th Century crucifix.