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Saturday, 08/11/2018 10:38:15 PM

Saturday, August 11, 2018 10:38:15 PM

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A portfolio manager can effectively move one client's asset to another client that wants it and eliminate the spread on the trade. The broker and manager must prove a fair market price for the transaction and record the trade as a cross for proper regulatory classification. The asset manager must be able to prove to the Securities and Exchange Commission (SEC) that the trade was beneficial to both parties.

Read more: Cross Trade https://www.investopedia.com/terms/c/crosstrade.asp#ixzz5NvZxmyfk
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