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 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” from the Cambridge Business English Dictionary © Cambridge University Press)