CROSSTRADING

cross-trading: translation

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:

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