crossing

Definition

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.

Use crossing in a sentence

You should always try and make sure that you think things through any time you find your self at a crossing.

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I was crossing the street and noticed that things were not the way they seemed to be and I turned around immediately.

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Rich was constantly involved in crossing at his high-powered trading firm, acting as an agent in both the buying and selling of stocks.

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