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Exchange Crossing Network

A crossing network that is wholly or mostly owned by a stock exchange. By owning its crossing network, an exchange...

Hybrid Network

A crossing network (CN) that combines firm and negotiated orders in the pool. In other words, it has the features...

Intraday Cross

A crossing network that only crosses block orders (institutional sized blocks, i.e., large institutional orders such as 10,000 shares). Retail...