An improper stock exchange practice in which the broker accepts a customer’s order. However, he does not immediately pass it on to the exchange. Rather, he waits until the execution of the order is advantageous for himself, but to the detriment of the client (the practice in which a broker that agrees to buy or sell on behalf of clients at a given price instead buys at a lower price or sells at a higher price in order to keep the difference as profit). – See bucket store, price cutting, scalping, angle broker.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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