Cross

Q: Cross

A Cross occurs when a broker executes matched buy and sell orders for the same security across different client accounts and reports them on an exchange. These transactions are typically happening peer-to-peer, and are often the result of one MM offloading a position to another. These trades offer no indication as to directionality. Cross trades are identified using the flag CROSS in the Unusual Whales flow feed. https://i.imgur.com/sw4JWVx.png A Cross trade will automatically be assigned the side NONE. Cross Resources: Trade Codes (pages 17 18 19) A clip from a popular HBO TV show depicting a Cross Trade taking place on Twitter

Question

Cross

Accepted Answer

A Cross occurs when a broker executes matched buy and sell orders for the same security across different client accounts and reports them on an exchange. These transactions are typically happening peer-to-peer, and are often the result of one MM offloading a position to another. These trades offer no indication as to directionality. Cross trades are identified using the flag CROSS in the Unusual Whales flow feed.

https://i.imgur.com/sw4JWVx.png

A Cross trade will automatically be assigned the side NONE.

Cross Resources:

Trade Codes (pages 17 18 19)

A clip from a popular HBO TV show depicting a Cross Trade taking place on Twitter