ginzy trading

Definition

Illegal practice occasionally engaged in by floor brokers. It is a trading practice where large trades are split up into smaller orders and are executed at a variety of different prices. Brokers do this in order to try to avoid rules which prohibit trading a single order at various increments. However, this resulting practice is still illegal because it breaks rules which prohibit the broker from quoting different prices on the same order.
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Ginnie Mae trust GIP