WAI Capital Investments Corp WWEXF

RE: RE: Cross

[EDDY05]

 Internal cross trades occur when investment managers match buy and sell orders within their firm, without a broker acting as an intermediary. When doing so, it is critical that the investment manager ensures that neither client benefits from the trade at another client’s expense. Although internal crossing can add liquidity and reduce commission costs, it introduces timing risks. Internal crossing is regulated and requires an exemption from the Department of Labor (DOL). According to the DOL, trades eligible for an internal cross must meet certain criteria and are executed at the market-on-close price