cross trades, page-7

Correct me if I'm wrong but I was always led to believe that a cross trade occurs when MORE than one buyer or seller is required to fill the order

Hi Semacca

No it is simply if any transaction or part transaction goes to the same broker.

So if I sell 500,000 CVI shares for 50 cents (LOL) and the depth looks like this:

50 50,000 comsec
50 20,000 etrade
50 100,000 comsec
50 20,000 tollhurst
50 150,000 opus prime
50 150,000 tricom

When you see the sell go through if I am with comsec you will see the sell order have the same time stamp, but an X for cross trade next to the two comsec lines.

If I sold only 50,000 or less shares you would also see an X for cross trade.

Cheers