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 ?
The client was short of factory space, and so in conjunction with Plenty, Flender designed a special piggy-back gear unit to operate with Plenty's Magmo No.
People like Scott and Larry have decided to tap into that and piggy-back a whole new computing architecture on top of it.
There are three basic state death tax systems currently in use: piggy-back, estate and inheritance.
He carried his wife piggy-back for 225 metres through waist-high water and over hurdles.
An RBDS encoder allows a radio station to piggy-back another stream of digital data onto its normal carrier wave.
Moving forward Sun Bergeron hopes that the transparent process and obvious benefits identified through the RFP resolution will inspire the other 26 eligible cities in Broward to piggy-back and realize multi-million dollar savings themselves.
The X+1 piggy-back extrusion principle is offered for the economical extrusion of an additional rubber portion.
LUIS LUIS SUAREZ'S UAREZ'S belated apology for belated apology for his latest biting incident has led to his latest biting incident has led to more headlines around the world - and more headlines around the world - and more companies trying to piggy-back it.
Tourism Ireland said it will piggy-back on the expected blockbuster's reach across India as part of a strategy to promote this country as a holiday destination.
giving newly adopted daughter Mercy a piggy-back in the sun.
BOUNCING on a space hopper or hitching a piggy-back ride are just some of the fund-raising travel methods a charity has come up with for people in Coventry.
Yesterday, hitching a piggy-back ride on the Dutch heavy lifting ship, MV Swan, she was carried stern first into Portsmouth harbour.