FT MarketWatch

Crossing

A situation in which a Broker acts as Agent on both sides of a given Transaction. If the Broker has a Buy order and an equivalent Sell order, he/she can "cross" the orders. This is common in the case of large orders, but is Legal only if the Broker first offers the securities to the Public at a price higher than the Bid price.

Related Terms: 17 Agent, Action, Bid, Buy, Broker, Buy order, ECU, High, Legal, Leg, Offer, Order, Public, SEC, Sell, Sell order, Transaction
Other Related Pages: Category: Brokerages Starting With: C
Semi Related Terms: 556 CLICK HERE TO VIEW
10-Q, 10-K, 52-week high, Agent bank, Accrual of discount, Amortization of premium, Asked price, Asking price, At par, Agent, All or any part, Alternative order, At best, At call, Automated Order Entry System, Adjusted futures price, At risk, Add-on service, Abstract of title, Action to quiet title, As is, Assignment to creditors, Attorney in fact, Assignment of mortgage, A shares, Average price per share, Aggregate exercise price, At the money, Actuarial equivalent, Age-weighted plan, Across the board, Action, Additional paid-in capital, Against the box, At the bell, At the close, At the figure, At the full, At the market, At the opening order, Automated Pricing and Reporting System, Away from the market, Below the line, Books of final entry, Books of original entry, Banking Act of 1933, Best bid, Bid, Bid/ask spread, Bid-to-cover ratio, Bond equivalent yield, Bureau of Public Debt, Buy, Broker, Broker loan, Brought over the wall, Buying on margin, Buy limit order, Buy minus, Buy minus order, Buy on close, Buy on opening, Buy order, Buy stop order, Buy the book, Balance of payments, Board of Governors, Breaking the syndicate, Bill of exchange, Bill of sale, Breach of trust, By the book, Broker loan rate, Blitzkrieg tender offer, B shares, Buy and write, Buy-side, Blow-off top, Breadth-of-market theory, Beat the gun, Certified Public Accountant, Common-size statement, Cost Of Goods Sold, Cost of sales, Credit order, Call price, Certificate of Participation, Committee on Uniform Securities Identification Procedures, Common stock equivalent, Conversion parity price, Conversion price, Corporate bond equivalent, Code of procedure, Contingency order, Contingent order, Contra broker, Contract broker, Capitalization of income, Consumer Price Index, Cost of Living Adjustment, Cost-of-living index, Council of Economic Advisers, Cash and carry trade, Cash price, Chasing the market, Cheapest to deliver, Chicago Board of Trade, Commodities Exchange Act, Captive agent, Cost-of-living rider, Certificate of stock, Common-law voting, Corporate action, Cost of carry, Competitive bid, Certificate of title, Class action suit, Cancellation of debt, Certificate of Claim, Cost of debt capital, Cost of funds, Cross-collateralization, Creeping tender offer, C shares, Class of options, Close to the money, Closing transaction, Certificate of Occupancy, Closing agent, Cloud on title, Cash or Deferred Arrangement, Class A Shares, Class B Shares, Crash of 1929, Crash of 1987, Child and dependent care credit, Coefficient of determination, Cup and handle, Certificate of delivery, Close a position, Closing price, Cornering the market, Curbs in, Deposit in transit, Date of issue, Date of payment, Dollar price, Drawn securities, Day order, Deep discount broker, Designated Order Turnaround, Discount broker, Discretionary order, Division of Enforcement, Division of Investment Management, Division of Market Regulation, Date of record, Disbursing agent, Dividend in arrears, Desk (the), Division of labor, Durable goods orders, Delivery price, Direct Public Offering, De-escalation clause, De facto, Doing business as, Durable Power of Attorney, Date of maturity, Debtor in possession, Debtor-in-possession financing, Deed of Release, Deed of Trust, Discharge of bankruptcy, Discharge of lien, Due-on-sale clause, Deep in the money, Deep out of the money, Deed of Surrender, Department of Housing and Urban Development, Dogs of the Dow, Daily high, Depth of market, Eurodollar certificate of deposit, Escrowed to maturity, Ex-legal, Either-or order, ECU, Edge Act, E-mini, Exchange of spot, Ex-pit transaction, Enrolled agent, Employee Retirement Income Security Act of 1974, First In First Out, Form 10-Q, Federal Savings and Loan Association, First call date, Fiscal agent, Fixed income equivalent, Flight to quality, Flow of funds, Full price, Fill or kill, Floor broker, Front-ending an order, Forward P/E, Factors of production, Favorable balance of trade, Free market price, First board, First notice day, Forward price, Futures price, First preferred stock, Form 8-K, Form S-1, Friends and family offering, Fair Credit Reporting Act, Fair Debt Collection Practices Act, First mortgage, Full faith and credit, Family of funds, Fund of funds, Free and clear, Federal Insurance Contributions Act, Free right of exchange, Federal ID Number, First-round financing, Government securities, Government Securities Clearing Corporation, General Securities Representative Examination, Glass-Steagall Act, G-7, GDP implicit price deflator, General Agreement on Tariffs and Trade, G-8, Going public, Growth and income fund, Gather in the stops, High-grade bond, High yield, Hart-Scott-Rodino Act of 1976, Hit the bid, House of issue, Health Insurance Portability and Accountability Act, High, High-flyer, High-tech stock, Holder in due course, High credit, High-ratio mortgage, Home equity line of credit, Home Mortgage Disclosure Act, Head and shoulders, High-low index, Hammering the market, Held at the opening, Holding the market, Horizontal price movement, In escrow, International Securities Identification Number, Independent broker, In-house, Introducing broker, Investment Advisor Act of 1940, Investment Company Act of 1940, In line, Independent agent, Insurance agent, Insurance broker, Initial Public Offering, Insider Trading sanctions Act of 1984, Internal Rate of Return, Indication of interest, In intestacy, Interest-only loan, In play, In-process research and development, I/O strip, Interest-only strip, In-service withdrawal, Imbalance of orders, In and out, In sympathy, In the tank, Jointly and severally, Jumping the gun, Joint and several liability, Joint and survivor annuity, Last In First Out, Legal list, Lender of last resort, Law of one price, Lending at a rate, Limit-on-close order, Limit order, Limit order book, Limit order information system, Limit price, Law of demand, Law of supply, London International Financial Futures and Options Exchange, London Inter-Bank Offer Rate, Long-Term Equity Anticipation Securities, Letter of comment, Legal, Legal age, Legal entity, Legal risk, Legal assets, Line of credit, Loan-to-cost, Loan-to-value, Lock-in, Leg, Long leg, Large cap, Leading the market, Locked in, Long-term gain or loss, Level I quotes, Money order, Market conversion price, Make a market, Market if touched order, Market on close order, Market order, Mark-to-market, Medium of exchange, Marginal propensity to consume, Money at call, Mortgage broker, Marketable securities, Matching orders, Maximum price fluctuation, Negotiable certificate of deposit, Negotiable Order of Withdrawal, Noncompetitive bid, Notice of Sale, National Association of Securities Dealers, National Association of Securities Dealers Automated Quotations system, National Securities Clearing Corporation, National Securities Trade Association, No limit order, No-Action Letter, Notary Public, Null and void, Notice of Default, National Association of Real Estate Investment Trusts, Normal retirement age, Net transaction, New high, Off-balance-sheet financing, Off the books, Office of Thrift Supervision, Offer, Offering price, Out-of-favor, Over-the-Counter, Off-floor order, On-floor order, Online broker, On margin, Open order, Or better, Order, Order flow, Order ticket, Outside broker, Opinion of title, On account, On-the-spot loan, Opening transaction, Option price, Out of the money, Old age, survivors, and disability insurance, On-balance volume, Odd lot buy/sell ratio, Off-board, On close, On open, On the opening, Order book official, Order imbalance, Pooling of interests, Profit and loss statement, Paying agent, Payment-in-kind security, Price Value of a Basis Point, Public bond, Public offering, Public purpose bond, Payment for order flow, Prime broker, Public limited partnership, Public Securities Association, P&L, Price index, Producer Price Index, Public goods, Public sector, Parity price, Price limit, Public company, Public offering price, Power of Attorney, Prioritization of debt, Price spread, Prudent Expert Act, Paid-in capital, Paid-in surplus, Pre-syndicate bid, Private Investment in Public Equity, Public, Public equity, Public ownership, Preservation of capital, Point-and-figure chart, Painting the tape, Price range, Price-weighted index, Public book, Reports and Records, Return of capital, Return on Capital, Return on Invested Capital, Return on Total Assets, Regulation Q, Redemption price, Reading the tape, Regulation D, Regulation G, Regulation T, Regulation U, Round of funding, Rules of Fair Practice, Rate of exchange, Reciprocal of European terms, Retail Price Index, Regulation A, Right of first refusal, Right of rescission, Right to Know, Revolving line of credit, Right of recourse, Rule of 78, Real estate agent, Real estate broker, Right of redemption, Retirement Equity Act of 1984, Risk/return trade-off, Return on Capital Employed, Rate of return, Real rate of return, SEC filing, Selling, General and Administrative Expenses, SG&A, Savings and Loan, Sight letter of credit, S&L, SEC, Securities and Exchange Commission, Sell, SEC fee, Securities analyst, Securities Industry Association, Securities Investor Protection Corporation, Securities loan, Segregation of securities, Sell limit order, Sell order, Sell plus, Sell-side analyst, Sell the book, Significant order, Small Order Execution System, Split order, Stop-limit order, Stop order, Stop price, Street broker, Syndicate bid, Standard of living, Supply-side economics, Settlement price, Spot price, Second-to-die insurance, Severally but not jointly, Subscription price, Statute of Limitations, Sale and leaseback, Satisfaction of debt, Securities lending, Staggered board of directors, Selling the spread, Short leg, Share price, Special situation, Split-adjusted price, Selling short against the box, Shorting against the box, S Corporation, Short-term gain or loss, Subchapter M, Subchapter S Corporation, Scale order, Schedule C, Securities Act of 1933, Securities Acts Amendments of 1975, Securities Exchange Act of 1934, Securities fraud, Seek a market, S&P phenomenon, Stop and reverse, Transaction, T-Bill, Term to maturity, Take a position, Time order, Trailing P/E, Tender offer, Transfer agent, Tenancy by the entirety, Truth in Lending, Tenancy at will, The Street, Timing the market, Taxpayer Relief Act of 1997, Tax Reform Act of 1986, Tax Reform Act of 1993, Take a bath, Target price, U.S. Government Agency Security, U.S. Savings Bond, U.S. Treasury, U.S. Treasury Bill, U.S. Treasury Bond, U.S. Treasury Note, U.S. Treasury Securities, Uniform Securities Act, Unit of trade, Unit of trading, Williams Act, Wage price spiral, Waiver of premium, Widow-and-orphan stock, W-2 Form, W formation, When, as, and if issued, X or XD, Year-To-Date, Yield to call, Yield to maturity, Yield to worst, Y shares