Crossed trade

A practice in which a Broker offsets Buy and Sell orders without recording the transactions on the Exchange. This is illegal, because it may prevent an investor from getting the best possible price on the Trade.

Related Terms: 13 Action, Buy, Broker, Exchange, Legal, Leg, Order, Offset, Record, Sell, Sell order, Transaction, Trade

Other Related Pages: Category: Trading Starting With: C

Additional Related Terms: 10-K, 1035 exchange, Accrual of discount, American Stock Exchange, Amortization of premium, Asked price, Asking price, All or any part, Alternative order, At best