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.
Small- and medium-sized operations can "piggy back" off of companies like Tembec, Domtar and Abitibi and spread the unit cost so that bigger companies that can afford to pay more are paying more, he says.
Princeton Delivery Systems, a leading North American manufacturer of material handling equipment, recently unveiled the latest generation in its line of Piggy Back track-mounted forklifts.
Although I suppose it's Mitch Winehouse, currently trying to piggy back to fame on the back of his late daughter, who picks up the bad-taste tweeting biscuit.
Another option for us is that we could piggy back in on another bid.
These included the piggy back race, three-legged race and even a spot of welly wanging!
I thought the piggy back ride with a gay guy was a funny idea.
One of the first applications of the 3024CT is on Princeton Delivery Systems, Piggy Back PB-Series of truckmounted forklifts.
A Dutch carrier ship arrived in Sydney Bay yesterday to bring home Britain's stricken warship HMS Nottingham by 'piggy back' from Australia.
She said: "I am desperate to get Piggy back, she means everything to me.
POP starlet Katy Perry hitched a piggy back ride from her pop pal Mika at the Serpentine Gallery's summer party.
"The piggy back heart allowed the patient's heart to take a rest," he said.