Crossed trade

Crossed trade
The prohibited practice of offsetting buy and sell orders without recording the trade on the exchange, thus not allowing other traders to take advantage of a more favorable price.
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crossed trade
manipulative practice prohibited on major exchanges whereby buy and sell orders are offset without recording the trade on the exchange, thus perhaps depriving the investor of the chance to trade at a more favorable price.

Commission made by a broker involved on both the purchase and the sale side of a trade. See also Crossed Trade.
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crossed trade A practice in which a broker offsets buy and sell orders without recording the... crossing A situation in which a broker acts as agent on both sides of a given transaction....

See also: Sell order, Contagion, Expected return, Call money, Bills