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clean trade

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Financial Dictionary

clean trade

A security transaction by a broker that exactly matches customer buy and sell orders. Thus, the broker does not find it necessary either to acquire securities or to sell from inventory in order to complete the transaction. Also called clean cross.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Open a Scottrade Account
Take Advantage of Free Real Time News & In-Depth Research! $7 Trades
www.Scottrade.com/Trade
Discount Online Trades
Trades at $4.95 + 65¢ per contract Top-Rated Customer Service '08 -'09
www.TradeKing.com
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Power E*TRADE
100 Commission-Free Stock Trades. Apply Now at E*TRADE Securities.
ETRADE.com
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