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 report analyzes the markets for Wi-Fi Hotspot solutions and services across various regions
The iPass Wi-Fi Hotspot Index shows that airports continued to be the most popular type of location for Wi-Fi connections, accounting for 49% of total sessions, with Chicago O'Hare airport retaining its position as the most popular global Wi-Fi hotspot location.
This comprehensive coverage of the Wi-Fi Hotspot Market provides important inputs, such as drivers, restraints, and opportunities in this market, profiles the major players in this market, maps the competitive landscape, and provides the overall Wi-Fi Hotspot Market in the various end users and regions.
MTS currently has over 400 Wi-Fi Hotspots throughout Manitoba including the MTS Centre, the largest Wi-Fi Hotspot in the province.
Can Apple locate me based on my geo-tagged Wi-Fi hotspot and cell tower data?
Joikusoft has developed a mobile Wi-Fi HotSpot software client called JoikuSpot for S60 Smartphones.
If a person is on a 3G connection on a dual-band phone and then moves into a Wi-Fi hotspot, how does the Wi-Fi billing take place?
BT has also made it even easier for people to find a wi-fi hotspot when out and about in the capital by teaming up with Recce, the immersive 3D city map to include BT Wi-fi hotspots in the latest Recce London app.
For example, in 2003 China Mobile launched the Wi-Fi hotspot service Sui-e-Xing (subscribers could register by sending a message to China Mobile requesting a user name and password).
The service is also available at locations in Canada and Mexico, so customers can reduce data roaming charges in those countries when connected to a Verizon Wi-Fi hotspot.
The growing Wi-Fi hotspot market is fueling a demand for Wi-Fi access points," says ABI Research vice president Stan Schatt.
Tele Atlas ContentLink, launched today by Tele Atlas, is designed to streamline time-to-market by allowing developers to rapidly discover and obtain the latest content provided by publishers such as free Wi-Fi hotspot data.