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What is a Cross Trade (XT)? A cross trade occurs when a broker...

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    What is a Cross Trade (XT)?
    A cross trade occurs when a broker executes an order to buy and sell the same security at the same time, in which both the buyer and seller are clients of the broker.
    A Cross Trade is represented by XT in the course of sales. If your order has been cross traded you will be able to view this on your confirmation contract note where it will be stated as 'Crossed Trade'.
 
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