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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Cross  

Definition 1.

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.
 

Definition 2.

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.
 
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