Crosses are pre-agreed trades between institutions (via their).
The terms of the trade (number ofand price) are agreed in advance and are traded instantaneously across the exchange (or via a ).
These trades do not usually appear in Level 1 or Level 2 depth data and cannot be traded against by other participants. The volume traded via crossings is usually included in daily volumes traded statistics published by the, although this varies from exchange to exchange.
Crosses are generally used by institutions to move large parcels of shares without adverse What are value stocks? A value company is a company that app... More.arising from the trade, or having to accumulate the position using many trades at different prices across the open