Crossed Market

What Does It Mean?
What Does Crossed Market Mean?
A situation arising when the bid price of a security exceeds the ask price.
Investopedia Says
Investopedia explains Crossed Market
Contrary to normal markets where the bid-ask spread is positive, in a cross market the spread is negative. This scenario occurs mainly in volatile and high volume trading.

This abnormal market condition occurs mainly in the Nasdaq exchange on orders entered before the opening bell.
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