cross-trading


cross-trading
cross-trading ˈcross-ˌtrading also crosstrading noun [uncountable] FINANCE
when currency dealers in one country buy or sell the currency of a second country in exchange for the currency of a third country:

• The dollar also benefited against the euro by selling euros for yen in cross-trading.

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cross-trading UK US noun [U]
FINANCE the act of buying the money of a foreign country with the money of another foreign country
FINANCE the act buying the money of one country with the money of another country without using the US dollar as a base currency
STOCK MARKET the act of matching a buy order of a stock with a sell order without officially recording the sale on a stock exchange

Financial and business terms. 2012.

Look at other dictionaries:

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