a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain Cross trade historic definition... Cross trade -- A stock market designation for a simultaneous purchase and sale of the same stock. The term cross trade also is a synonym for a wash trade or transaction when a stock is simultaneously bought and sold in order to make a quotation. Cross trading or washing when extensive in a stock is generally for the purpose of inducing speculation in the stock by imparting apparent activity to it. The dealings are fictitious and so are the prices. Bucketing operations may be carried on by means of cross trades; see Bucketing. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.