Follow

NXXT Crossing

An NXXT crossing is a crossing that has occurred at the current NBBO price. This type of trade typically occurs when a broker has automatically matched one of their orders with the order of another client from the same broker through the broker’s internal Crossing System. Using the ASX or Chi-X trade reporting facilities the broker is able to notify the market that a crossed trade is being executed at the current NBBO price.

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

Comments

Powered by Zendesk