Jitney (investment term)

Jitney (investment term)

Jitney is an investment term with two meanings:

*a method (considered fraudulent in most jurisdictions), whereby unscrupulous investors trade shares back and forth at pre-arranged prices to give a false impression of price and volume. This is also called circular trading.

*a legitimate arrangement whereby a broker who has direct access to an exchange executes trades on behalf of a broker who doesn't.


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