Piggybacking

(redirected from Piggy-back)
Also found in: Medical, Encyclopedia.

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Again as narrated earlier in this piece, to similarly piggy-backed with "Fish, Fish, Fish," making the two vital players what the senator calls "nothing short of an agricultural revolution."
At the peak of the housing market in 2006, more than 40 percent of home purchases in coastal markets and bubble locations involved a piggy-back second lien.
Other features include an optional piggy-back 250 ton reel, a lay ramp system, abandonment and recovery systems, a 60 ton offshore crane, and a top tension capacity of 205 tons.
While they're still tiny enough to clamber aboard, they can be spotted hitching a piggy-back ride.
"I piggy-back him up Pen-y-Fan and that's pretty good preparation for what lies ahead."
He also intends to create a 'network of competitiveness poles within the Alpine and Mediterranean area' based on 'communication infrastructures and sustainable transport' (TGV, piggy-back' transport, broadband, etc ) and to develop interuniversity cooperation and student mobility, to 'create a cultural event the size of the Euroregion'.
'The running, the pad work, carrying people piggy-back up and down steps - the man's a masochist.
Cargo shift stresses encountered in ocean shipping, during rough weather, and stress encountered during piggy-back rail transit were additional factors.
These papers deal with reconstructions of plate-tectonic configurations (Golonka et al.), palinspastic restorations (Lamarche et al.,), subsidence analysis (Carrapa et al.), provenance of piggy-back basin fills (Cibin et al.), and synkinematic sedimentation (Nalpas et al.).
In my next volley of questions I attempt to piggy-back off what they have just learned and relate it to a more important example, namely people.
The VCOs suits any application that piggy-back with cellular technology such as GSM, PDC, TDMA and CDMA.
People like Scott and Larry have decided to tap into that and piggy-back a whole new computing architecture on top of it.