Cross
 |
Definition of 'Cross'When a broker receives a buy and sell order for the same stock at the same price, and subsequently makes a simultaneous trade between two separate customers. |
 |
Investopedia explains 'Cross'This is legal only if the broker first offers the securities publicly at a price higher than the bid.Also known as a cross order or crossing. |
Related Definitions
Articles Of Interest
-
Brokers and Online Trading
How do you find the right broker for your investment needs? Start by reading our broker tutorial. -
Role Of A Market Maker
A market maker is a firm or an individual that stands ready to buy and sell a particular security throughout the trading session to maintain liquidity and a fair and orderly market in that security. ... -
Decline Of The Independent Broker-Dealer
Since the financial crisis of 2008-2009 the numbers of independent broker-dealers have been steadily declining. Find out why, and if the trend will continue. -
What happens if I cannot pay a margin call?
Minimum margin is the amount of funds that must be deposited with a broker by a margin account customer. With a margin account, you are able to borrow money from your broker to purchase stocks ... -
Bid-Ask Spread
Find out more about this frequently referenced, but often misunderstood, term used to describe the price at which a stock is bought or sold at. -
What is a "wash sale"?
The Wash-Sale rule was established to disallow a loss deduction of a security sold, if within 30 days of the date of the sale an investor buys substantially identical stock or securities, or ... -
What are some common hand signals on the trading floor?
"Hand signal" is the sign language used by traders to transmit basic information on the trading floor. The use of hand signals on the trading floor is said to have originated for many reasons. ... -
When is it acceptable for a broker to commingle funds with a client?
a. Never b. When he or she has written approval from the firm c. When he or she has written approval from the firm AND contributes equally to the account and shares equally in any losses ... -
What is an ABC Agreement?
Brokerage and other financial organizations usually purchase seats or memberships at the New York Stock Exchange (NYSE) for employees and an ABC agreement is a contract between the employee and ... -
How much more will it cost me to buy an odd lot of shares?
A round lot is a predetermined number of shares of stock - usually 100 shares, while an odd lot refers to any number of shares that is not evenly divisible by 100 (usually less than 100).Odd ...
Free Annual Reports
