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 ?
Another example of the huge advantage piggybacking offers occurred in Dalton Georgia.
And while Governor Schwarzenegger supports the benefits of piggyback contracts for California's schools, his veto has resulted in potentially even greater prohibitions against piggybacking than SB 327 proposed.
Sandpiper will also be able to offer customers co-location space by piggybacking on AOL's several hundred servers, greatly expanding its own 32-server network.
Even though a human observer can readily detect piggybacking and tailgating, it is very, very challenging to make silicon as smart as protoplasm," commented Sanjay Nichani, Cognex's lead developer of the CPS-1000.
In addition, the efficiency of this follow-on approach also provides some leeway for piggybacking a number of custom research questions into the survey for specific client companies.
Using the plug and play 3Com SuperStack(R) 3 NBX(R) Networked Telephony Solution, the Boy Scouts now prepare for its fundraising telephone campaigns by piggybacking NBX handsets into a single phone jack instead of contracting BellSouth to move and reconfigure its phones.
The system will have standard Level 3 Ballistic glass, weapons detection, anti piggybacking and security consoles.
With the installation of the Explosive Detection system, our security access portal will be the only portal in the world to have ballistic glass up to a level 6+, anti piggybacking capabilities, full biometric capabilities, weapons detection, explosive detection, and forced entry certification.