RE: What is the purpose of a cross transaction?I there any reason that the brokers doing the cross have to disrupt the whole market to get the price down to where they want to do the cross? Why can't they just transact at the agreed price, and leave the rest of the market alone?
Eg. if I want to sell to my sister at 30 cents cheaper, why can't I just do it, and not try to manipulate the whole market price first?