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English definition of “cross-trading”

cross-trading

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
(Definition of cross-trading noun from the Cambridge Business English Dictionary © Cambridge University Press)
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