When one trader's bid is higher than the lowest offer of another trader.

Happens when a broker's bid price is higher than the lowest offer price of another broker.

a market where the bid price is greater than the ask price

Occurs when a broker/dealer's bid is greater than the lowest or best offer made by another. This condition can also occur when a broker/dealer's offer is lower than another's bid. Sometimes, this can occur because of slow updates in a broker/dealer's range of marketing making activities. However, when a crossed market occurs because of intention behavior, then this activity is prohibited by the NASD.

A condition in which a broker submits a bid that is greater than the lowest offer of another broker, or vice versa. See: Asked Price

A situation in which one broker's bid exceeds the lowest offer of another or vice versa. NASD rules prohibit a broker from intentionally entering such bids or offers.

The situation which exists when a broker's bid is higher than the lowest offer of another broker.