What Is a Cross Trade?
A cross trade is a practice where buy and sell orders for the same asset are offset without recording the trade on the exchange. It is an activity that is not permitted on most major exchanges.
https://www.investopedia.com/terms/c/crosstrade.aspA cross trade also occurs legitimately when a broker executes matched buy and a sell orders for the same security across different client accounts and reports them on an exchange. For example, if one client wants to sell and another wants to buy, the broker could match those two orders without sending the orders to disallowed to be filled but filling them as a cross trade and then reporting the transactions after the fact but in a timely manner and time-stamped with the time and price of the cross. These types of cross trades must also be executed at a price that corresponds to the prevailing market price at the time.
Now I know what a Cross Trade is.
It could be a transfer / sale from a brokers customers personal account into his super fund or something like that.
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-13407
-
-
- There are more pages in this discussion • 40,300 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B |
Open | High | Low | Value | Volume |
$18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150 | $18.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.50 | 4305 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46 | 18.430 |
1 | 100 | 18.420 |
1 | 54 | 18.410 |
5 | 7077 | 18.400 |
1 | 2100 | 18.390 |
Price($) | Vol. | No. |
---|---|---|
18.500 | 4055 | 3 |
18.540 | 1000 | 1 |
18.570 | 9999 | 1 |
18.580 | 1500 | 1 |
18.600 | 2865 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |