cross

Definitions (2)

1. Act of matching a buy order with a sell order through a single broker in a single transaction. For example, if a broker receives a buy order for a security at $10 per share and a sell order for the same security at the same price, the broker may cross the order by matching the buy and sell orders. This practice is only allowable under certain legal restrictions.
2. Situation where a broker is both a buyer and a seller in trading. This is only legal if the broker initially and publicly offers the securities at a price higher than the bid.

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ballot resistance level