Piggybacking

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Piggybacking

A broker who trading stocks, bonds or commodities in a personal account following a trade just made for a customer. The broker assumes that the customer is making the trade on valuable inside information.

Piggybacking

The practice in which a broker conducts a transaction on his/her own account after filling a similar order on behalf of a client. For example, if a client sells 10,000 shares and the broker owns some shares in the same company, he may piggyback by selling his own shares. A broker piggybacks when he/she believes that the client has insider information, or at least a better understanding than the broker on the market's future movements. Piggybacking should not be confused with piggy back registration, which is a different concept altogether.
References in periodicals archive ?
Generous bike supplier M Steel Cycles, in Gosforth, Newcastle, devoted their time to assist in sourcing and acquiring the Piggy Back and then supplied an unexpected bonus, charging the charity just pounds 150, instead of pounds 480, and donating the rest of the money themselves.
I thought the piggy back ride with a gay guy was a funny idea.
Beth Woodhead takes a piggy back ride on Leo the Lion before the famous landmark was replaced in St George's Square in November, 1977.
He said piggy back trains would ease pressure on West Midlands' road and help stop the region acting as the nation's bottleneck.
The warrants have piggy back registration rights with respect to the shares of common stock issuable upon exercise of the warrants.
POP starlet Katy Perry hitched a piggy back ride from her pop pal Mika at the Serpentine Gallery's summer party.
HAVING A BALL: Big Brother star tries a few tummy crunches' RHINO BEST: Ex-Gladiator leads by example' BIG BOTHER: Pair pull no punches' UPS A DAISY: Rhino gives Orlaith a piggy back
PIGGY BACK DROP-IN: TNT with Ernie Torres; Tony Evjenth with Alexis Sablone; Scott Bourne with Reno local; Rune Gliiberg with unknown soldier
Meridian has agreed to grant to Vintage registration rights, which include customary demand and piggy back registration rights for the shares of Meridian's Common Stock.
Former Busted star Matt Willis, the reigning King of the Jungle, was on hand to give girlfriend Emma Griffiths a piggy back in Dublin as they enjoyed a night of partying.
Peacemaker also enables superior piggy back and counterfeit item detection capability.
And it got even messier with Jenny getting a piggy back and pulling a face.