A securities transaction in which the same broker acts as agent on both sides of the trade. The practice, called 'crossing,' is legal only if the broker first offers the securities publicly at a price higher than the bid.
Regular-Way Delivery and Settlement refer to the standard procedure for completing a securities transaction at the purchasing broker's office on the third full business day following the trade date, as mandated by the New York Stock Exchange.
Unwinding a trade involves reversing a securities transaction through an offsetting transaction, typically to close out a position by selling or buying back the corresponding amounts of the security originally traded.
