Glossary entry (derived from question below)
Spanish term or phrase:
operación cruzada
English translation:
agency cross (transaction / trade)
Added to glossary by
Robert Forstag
Dec 18, 2014 01:23
9 yrs ago
3 viewers *
Spanish term
United States
Translating words, preserving meaning
Native in: English
Works in: Spanish to English, English
operación cruzada
Spanish to English
Bus/Financial
Finance (general)
Peru / buying and selling stocks in the Bolsa de Valores de Lima
Veinte segundos después, el señor Klein, representante de [4]XYZ[5], ingresó simultáneamente la propuesta de compra por cuenta de ABC Grupo y la propuesta de venta por cuenta de Capital Vapor y ABC Consultores, lo cual llevó a la realización de la operación cruzada entre dichos comitentes por 194,120 acciones a S/. 9.00.
Many thanks.
Many thanks.
Proposed translations
(English)
| 4 +1 | agency cross (transaction / trade) |
Charles Davis
|
| 3 | crossed transaction |
David Hollywood
|
| 3 | back-to-back transaction |
Margarita Ezquerra (Smart Translators, S.L.)
|
Proposed translations
+1
5 hrs
Selected
agency cross (transaction / trade)
Often just called an agency cross, and also known at least in the U.S. as a dual agency trade. It's when the same agent (Mr Klein, in this case) acts both for buyer and seller:
"Operación cruzada
Es el resultado de una operación, en la que un mismo agente manifiesta una orden de venta de valores que coincide con una de compra y viceversa."
http://glosarios.servidor-alicante.com/terminos-bursatiles/o...
"Ahora bien, una operación cruzada es aquella donde un mismo comisionista posee la orden tanto de compra como de venta."
http://www.eltiempo.com/archivo/documento/MAM-604506
"Operación Cruzada: Es aquella en la que el comprador y vendedor están representados por la misma sociedad comisionista."
http://mercadocapitales2010anr.blogspot.com.es/2010/10/princ...
"DEFINITION of 'Agency Cross'
A transaction in which an investment adviser acts as the broker for both his client and the other party to the transaction."
http://www.investopedia.com/terms/a/agencycross.asp
These deals are quite strictly controlled. Here the U.S. statute on the subject:
"Agency cross transactions for advisory clients."
http://www.law.cornell.edu/cfr/text/17/275.206(3)-2
"Agency Cross
A transaction on an exchange in which one person serves as broker to both the buyer and the seller. This occurs when a broker receives opposite orders for the exact same security in the exact same quantity. When this occurs the broker must still go on to the floor of the exchange and announce the trade and wait for a better offer before executing the orders. Agency crosses are regulated like this to ensure that the broker does not favor one customer over another."
http://financial-dictionary.thefreedictionary.com/Agency Cro...
"Q306.1: Member BD1 matches as agent a customer (as defined in NASD Rule 0120(g)) buy order and a customer sell order for the same quantity of shares at the same price. Can this transaction be reported as a cross?
A306.1: Yes. This is an agency cross, also referred to as a dual agency trade. See Rules 6282(e)(1)(B), 6380A(d)(2), 6380B(d)(2) and 6622(d)(2)."
http://www.finra.org/Industry/Regulation/Guidance/P038942
"Operación cruzada
Es el resultado de una operación, en la que un mismo agente manifiesta una orden de venta de valores que coincide con una de compra y viceversa."
http://glosarios.servidor-alicante.com/terminos-bursatiles/o...
"Ahora bien, una operación cruzada es aquella donde un mismo comisionista posee la orden tanto de compra como de venta."
http://www.eltiempo.com/archivo/documento/MAM-604506
"Operación Cruzada: Es aquella en la que el comprador y vendedor están representados por la misma sociedad comisionista."
http://mercadocapitales2010anr.blogspot.com.es/2010/10/princ...
"DEFINITION of 'Agency Cross'
A transaction in which an investment adviser acts as the broker for both his client and the other party to the transaction."
http://www.investopedia.com/terms/a/agencycross.asp
These deals are quite strictly controlled. Here the U.S. statute on the subject:
"Agency cross transactions for advisory clients."
http://www.law.cornell.edu/cfr/text/17/275.206(3)-2
"Agency Cross
A transaction on an exchange in which one person serves as broker to both the buyer and the seller. This occurs when a broker receives opposite orders for the exact same security in the exact same quantity. When this occurs the broker must still go on to the floor of the exchange and announce the trade and wait for a better offer before executing the orders. Agency crosses are regulated like this to ensure that the broker does not favor one customer over another."
http://financial-dictionary.thefreedictionary.com/Agency Cro...
"Q306.1: Member BD1 matches as agent a customer (as defined in NASD Rule 0120(g)) buy order and a customer sell order for the same quantity of shares at the same price. Can this transaction be reported as a cross?
A306.1: Yes. This is an agency cross, also referred to as a dual agency trade. See Rules 6282(e)(1)(B), 6380A(d)(2), 6380B(d)(2) and 6622(d)(2)."
http://www.finra.org/Industry/Regulation/Guidance/P038942
4 KudoZ points awarded for this answer.
Comment: "Thank you, Charles. Thanks also to everyone else who responded and weighed in on this query."
15 mins
David Hollywood
Native in English
Works in field
worked for int. orgs (IMF, OAS, IDB)
Native in: English
Works in: Spanish to English, German to English
Related KudoZ points
:
842
crossed transaction
I would say
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Note added at 16 mins (2014-12-18 01:40:17 GMT)
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smallbusiness.chron.com › ... › Analysis
Traducir esta página
Crossed transactions can take place between a supervisor and employees or between employees themselves. When crossed transactions occur, a break in ...
--------------------------------------------------
Note added at 16 mins (2014-12-18 01:40:17 GMT)
--------------------------------------------------
smallbusiness.chron.com › ... › Analysis
Traducir esta página
Crossed transactions can take place between a supervisor and employees or between employees themselves. When crossed transactions occur, a break in ...
Peer comment(s):
| agree |
philgoddard
: Cross transaction might be better.
3 hrs
|
| disagree |
bigedsenior
: these are illegal http://www.investopedia.com/terms/c/crosstrade.asp
1 day 2 hrs
|
8 hrs
Margarita Ezquerra (Smart Translators, S.L.)
Spain
Spain
Native in Spanish
Specializes in field
Spain
Margarita Ezquerra (Smart Translators, S.L.)
Accredited translators 20 yrs experience
Native in: Spanish
Works in: English to Spanish, Spanish to English, French to Spanish
Related KudoZ points
:
1002
back-to-back transaction
www.bis.org/cpmi/publ/d00b.pdf
back-to-back
transactions
a pair of transactions that requires a counterparty to receive and
redeliver the same securities on the same day. The transactions
involved may be outright purchases and sales or collateral
transactions (repurchase agreements or securities loans). For
example, a securities dealer might buy and sell the same
securities for the same settlement date in the course of making
markets for customers or it might buy securities for inventory and
finance the position through a repurchase agreement.
Traducir esta página
together in a single publication all the standard terms and their definitions that have been .... Definition. Source back-to-back transactions a chain of securities ...
back-to-back
transactions
a pair of transactions that requires a counterparty to receive and
redeliver the same securities on the same day. The transactions
involved may be outright purchases and sales or collateral
transactions (repurchase agreements or securities loans). For
example, a securities dealer might buy and sell the same
securities for the same settlement date in the course of making
markets for customers or it might buy securities for inventory and
finance the position through a repurchase agreement.
Traducir esta página
together in a single publication all the standard terms and their definitions that have been .... Definition. Source back-to-back transactions a chain of securities ...
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