Introducing Periscope by Unusual Whales, a clear view of Market Maker SPX positioning. Get access here.

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.

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A Cross trade will automatically be assigned the side NONE.  

 

Cross Resources