Trading & Market Structure

Cross Trade

Definition

What is Cross Trade?

A transaction in which one intermediary matches a buyer and seller internally, subject to applicable rules.

Example in practice

The broker crosses two client orders at a fair market price.

Keep learning

The highest price a buyer is currently willing to pay for a security.

The lowest price a seller is currently willing to accept for a security.

The difference between the best available buying and selling prices.

An instruction to buy or sell immediately at the best available prices.

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