Jitney


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Jitney

1. An illegal act in which two or more investors buy and sell the same security at pre-arranged, agreed-upon prices. This directly results in neither profit nor loss for the investor, but creates the impression that the security is undergoing heavy trading, which could drive up the price or generate unwarranted interest.

2. A situation in which a broker who is a floor member conducts a transaction on behalf of a broker who is not.
References in periodicals archive ?
The Jitney Premier in Hattiesburg includes many amenities and sophisticated merchandising techniques that would stack up against any big chain, big-city competitor.
August Wilson's Jitney scored as best play when the New York Drama Critics Circle handed out awards.
Part of that entails developing people who live in the area to get responsible jobs in the neighborhood Jitney Jungle.
Having lasted just 90 minutes in its first incarnation, Jitney is now a full-length drama that has attracted rave reviews everywhere the play has made a stop.
The company sticks close to the menu so that its customers, many of whom eat lunch at Jitney two or three times a week, know what to expect.
Movement of salad packs in the Jitney Jungle stores has doubled over the past two to three years, Lovette estimates.
Jitney Jungle has not installed software because its checkout systems are not compatible with any of them, says Eller.
In many places in America, it is politically incorrect to build a church in a residential neighborhood, to own a pistol, to have oral sex in your own bedroom, to carry paying passengers in an unlicensed jitney, to braid hair for money, to cut down a tree in your own backyard.
Luggage Express' successful test run has helped with exposure of these cards and Luggage Express currently has guaranteed space for the Hampton Jitney and the Bryant Park fashion week in NYC and Labor Day weekend, one of New York's largest end of summer events.
The Food Club name has been around in Jitney Jungle's market for so long, and the quality is so high, that it is seen as a national brand.
Jitney Jungle was already heavily into prepared foods.