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Where advisers trade as a principal and on behalf of their clients with the same [[Broker-dealer]], a technical issue may arise where the [[Broker-dealer]] crosses buy orders and sell orders, something it may do systematically (see [[systematic internalisation]]. | Where advisers trade as a principal and on behalf of their clients with the same [[Broker-dealer]], a technical issue may arise where the [[Broker-dealer]] crosses buy orders and sell orders, something it may do systematically (see [[systematic internalisation]]. | ||
{{seealso}} | |||
*[[riskless principal]] | *[[riskless principal]] | ||
*[[systematic internalisation]] | *[[systematic internalisation]] | ||
The key issue is ensuring our crossing engine can be pre-configured not to cross between certain accounts. | The key issue is ensuring our crossing engine can be pre-configured not to cross between certain accounts. | ||
*[[metaphor]] | *[[metaphor]] |