A situation in which the posted bid price for a security is higher than the offer price. Securities regulations at the NASD prevent brokers from deliberately creating a crossed market.
Related information about crossed market:
- Crossed Market Definition | Investopedia
A situation arising when the bid price of a security exceeds the ask price.
- Crossed Market - Financial Dictionary - The Free Dictionary
In the context of general equities, happens when the inside market consists of a highest bid price that is higher than the lowest offer price. See: Overlap the ...
- Crossed Market: Definition from Answers.com
situation in which one brokers bid is higher than another brokers lowest offer, or vice versa. financial industry regulatory authority (FINRA) rules prohibit.
- What's a Locked or Crossed Market? - YouTube
Oct 27, 2011 ... TradeKing's Director of Education Nicole Wachs explains how "locked" and " crossed" markets occur, an unusual situation common in fast ...
- Locked and Crossed Markets on NASDAQ and the NYSE
In particular, a locked (crossed) market ends when all locked (crossed) market centers have updated their quotes, therefore only the last venue to withdraw the ...
- Locked/Crossed Markets - finra
locked/crossed market occurs. Attachment A includes a question and answer section which explains the major points of the rule changes. Attachment B includes ...
- Options Order Protection And Locked/Crossed Market Plan
4) "Crossed Market" means a quoted market in which a Protected Bid is higher than a Protected. Offer in a series of an Eligible Class. 5) "Customer" means an ...
- What is crossed market? definition and meaning
Definition of crossed market: A situation in which the posted bid price for a security is higher than the offer price. Securities regulations at the NASD prevent ...