What does "crossed" mean?

[tarlox]

Hi all

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

Thanks

Dave

 

[xyzedarteerf]

not quite sure what you mean, but i assume your referring to the stock trading status, here is a link for the codes meanings.

http://www.asx.com.au/supervision/r..._gn18_market_codes_and_trading_procedures.pdf

 

[cuttlefish]

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

 

[tarlox]

thanks for the replies

 

[MattB]

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!