What Is a Crossing Network?

A cross-network is a system for institutional investors to perform pairing transactions (that is, directly match buyers and sellers) through computers. An electronic trading venue that does not display quotes but anonymously matches large orders: Cross-networks provide anonymity and low cost, and are specifically designed to minimize the cost of market shocks. The methods used between different systems can vary widely, including customers The type of instruction information that can be entered and the transparency of pre-transaction information provided to participants. ^[1]