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 ?
Princeton, which celebrated its 30th anniversary in 2002, introduced the first Piggy Back lift truck in 1979 and immediately found applications in material handling, agriculture, recycling and other industrial applications.
Butch Hunter, sales manager for Princeton Delivery Systems said the Piggy Back models PB-SO and PB-65 can be fitted to the rear of most trucks or trailers and are used primarily in the delivery of bricks, blocks, turf, roofing materials, lumber and other building materials to construction job sites and distribution centers.
Birmingham Chamber of Commerce policy director Mr Tony Bradley said it seemed pointless to raise bridges but not enough to allow piggy back trains.
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.
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
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.
market intending to piggy back off of Yamaha's superior brand name recognition by selling inferior copycat products that are in clear violation of our U.
The Popstars babe got a piggy back from the Marti Pellow lookalike while on holiday in Southern Spain.
It is not acceptable that these ministers should decide to piggy back on to public service adverts in order to promote their own political profiles.
Piggy back warrants may only be exercised if underlying warrants are exercised, and the expiry dates for the warrants and piggy back warrants are July 31, 2005, and January 9, 2006 respectively.
The Company's initial plan is to increase sales by refining and perfecting the product; and defining and implementing a marketing plan that will complement the improved product and piggy back on the existing loyal distribution channels and customers.