Cross Trade definition
Examples of Cross Trade in a sentence
Cross Trade PolicyCross trade is defined as a buy and sell transaction of the same security between two or more clients’ accounts managed by a fund management company.
Capitalized terms appearing in ancillary documents such as the Authorization to Transfer Funds, Cross Trade Consent, Arbitration Agreement, Partnership Account Authorization, Certified Customer Resolutions, Hedge Account Agreement or Limited Power of Attorney, shall have the meanings ascribed herein.
Traders that would prefer guaranteed execution will select the ‘Adjustable Price Option’.A trade resulting from the submission of a Cross Order results only in a Cross Trade (XT) and has no impact to orders.Cross Orders with Fixed PriceCross orders can only be submitted with a price within the best bid and offer price (BBO) of the instrument (excluding the BBO).
Cross Trading – Cross trading futures contracts can be done via right click on the chart and choose: Cross Trade (symbol).
For the Cross Trade (X) modifiers, firms should defer to the Level 2 and Level 3 sale condition codes to determine whether to include the trade in the high, low, and last sale calculation statistics.
The Clearing Members in their capacity as Brokers, Brokers and Participants of a Recognized Foreign Market may participate in a Cross Trade, only in the case of Contracts on the Underlying Assets and for the period that will be announced by the Chief Executive Officer or, in his absence, by the Head of Transactional Services of the Derivatives Market, through the Bulletin, three Business Days prior to its entry into force.
The MMT level 3.3 Agency Cross Trade Indicator can be send on inbound Trade Capture Reports(MsgType=AE) inbound and will be echoed back on Trade Capture Report confirmations.
These principles have been considered by the Partners of the Project as key elements in order to tackle the concept of fraud and abuse in PW.
Cross Trade Policy To provide more liquidity in the dealing of securities, we may carry out transactions between the Fund and the investment portfolios of our other customers (“cross-trades”) provided always that any such cross-trades are conducted on a best execution basis and are no less favourable to the Fund when compared to an arm’s length transaction between independent parties.
The Market Surveillance Office may, if necessary, request from Exchange Members: the disclosure of information and documents; the disclosure of the economic beneficiary of an transaction, especially in case of a Cross Trade.