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ginzy trading
ginzy trading definition - finance
A
trade practice in which a floor broker in the process of executing an order
fills part of the order at one price and the remainder of the order at another
price. This tactic is done in order to avoid exchangesÂ’ rules against trading
at fractional increments, or split-tick trading. Essentially, ginzy trading is
the unethical practice of quoting different prices to customers on the same buy
and sell order. Regulators have rules that this is a noncompetitive trading
practice and violates the Commodity Exchange Act.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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