breakout!!!....now what?, page-23

Interesting defination of cross trading:


What Does Cross Trade Mean?
A practice where buy and sell orders for the same stock are offset without recording the trade on the exchange, which is outlawed on most major stock exchanges. This also occurs when a broker executes both a buy and a sell for the same security from one client account to another where both accounts are managed by the same portfolio manager. Investopedia explains Cross Trade
Typically, this is yet another way for a broker to rip you off. When the trade doesn't get recorded through the exchange, there is a good chance that one client didn't get the best price.



Read more: http://www.investopedia.com/terms/c/crosstrade.asp#ixzz1brBMUk5f