Cross - Used for listed equity securities. Securities transaction in which the same broker acts as agent for both sides of the trade; a legal practice only if the broker first offers the securities publicly at a price higher than the bid.
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.
Cross : used for listed equity securities. securities transaction in which the same broker acts as agent for both sides of the trade; a legal practice only if the broker first offers the securities publicly at a price higher than the bid.
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.
Cross