NAB 1.78% $36.94 national australia bank limited

cofi, It's when a broker does a crossed trade i.e s/he has both...

  1. 3,694 Posts.
    cofi,

    It's when a broker does a crossed trade i.e s/he has both the buy and the sell side.

    The sale has to be entered into the system but usually the broker just puts an order for 1 share to reserve a place in the queue.

    Often it's a large order, but it goes through without disturbing the existing orders in the market depth.
 
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