cross-trading Meaning in the Cambridge English Dictionary

Meaning of “cross-trading” in the English Dictionary

"cross-trading" in Business English

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cross-tradingnoun [U]

uk   us  
FINANCE the ​act of ​buying the ​money of a ​foreign country with the ​money of another ​foreign country
FINANCE the ​actbuying the ​money of one country with the ​money of another country without using the US ​dollar as a basecurrency
STOCK MARKET the ​act of ​matching a ​buyorder of a ​stock with a ​sellorder without ​officiallyrecording the ​sale on a ​stockexchange
(Definition of cross-trading from the Cambridge Business English Dictionary © Cambridge University Press)
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