Business / Taxes / Crossed Market: A market in a particular stock or option is described as crossed when a bid to buy that stock or option is higher than the offer to sell it, or when an offer to sell is lower than a bid to buy. A crossed market reverses the normal relationship of a stock quotation in which the bid price is always lower than the ask price, and it's illegal for market makers to cross a market deliberately. It may occur when investors place after-hours market orders electronically for execution at opening, or when investors trade directly through an electronic communications network (ECN). NASD has introduced a set of pre-opening procedures for market makers on the Nasdaq Stock Market. They help prevent the confusion and potential inequalities in pricing that a crossed market can produce.
Market Verb Synonyms: market-place, exchange, Stock Exchange
Market Noun Synonyms: demand, customer base, call
Market Adjective Synonyms: shop, store, bazaar, supermarket, superstore
Business / Finance / Overlap The Market: Used in the context of general equities. Create a crossed market by expressing a willingness to sell on the bid side of the market and buy on the offer side. MORE
Business / Finance / Marketed Claims: Claims that can be bought and sold in financial markets, such as those of stockholders and bondholders. MORE