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.
 Cite this definition
'crossing
' appears in the definitions of these terms on BusinessDictionary.com
account payee only, meridian, not negotiable, trigger point, check
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