My spin on what a cross trade is where the broker has a buyer and seller that agree on a price. Basically the broker makes a larger profit as they execute the trade without having to pay commision for the trade. I dont think a cross trade should mean a result in a price drop. unless the selling party has a remaining volume after the cross trade that they want to sell at lower price. The broker can buy,hold and sell this remaining volume at a later time. Please correct me if i am mistaken....
LCG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
