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What does "crossed" mean?

Joined
20 May 2008
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Hi all

What does the term "crossed" mean next to a trade?

Thanks

Dave
 
There are different types of crossings. If you buy from someone who happens to be selling via the same broker it can show up as a crossed trade. There are also actively brokered crossings that are flagged on screen before being crossed. And there are special crossings which are done off market.

Here is a link on the asx site that describes the different crossing scenario's.

http://www.asx.com.au/investor/education/basics/crossings.htm
 
If you buy from someone who happens to be selling via the same broker it can show up as a crossed trade.
Hmm, but wouldn't a lot of trades be crossed then, such as comsec to comsec broker trades? Could we further reduce brokerage costs if we had a 'private market' showing those shares that are on Bid/Offer by a particular broker?

heh - guess similar to same provider mobile calls!
 
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