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
Additional Related Terms: 10-Q, 10-K, 52-week high, Agent bank, Accrual of discount, Amortization of premium, Asked price, Asking price, At par, Agent