Question Details

	Username: LuckyMan Rating: Asked to: Dara Madee Date Created: 25 Aug 2018
Category	28
Tag	Financial
Question	Please give the definition of 'Jitney'.

Advice from Guru

Hello LuckyMan,

Jitney refers to a broker who has access to a stock exchange performing trades for one who does not. The term may also refer to trading done to fraudulently boost volume. In this case, the trading may involve only two brokers who trade the stock back and forth to earn commissions and to increase trading volumes in order to give the impression of market interest.

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