Can brokers piggyback on their customers? | Reviews of Brokers and Data Feeds


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Can brokers piggyback on their customers?

  #15 (permalink)

Sydney, Australia
 
Trading Experience: Intermediate
Platform: Sierra Chart, IRESS
Broker/Data: IB, IQFeed
Favorite Futures: ES, SPI, ASX stocks, options
 
Posts: 399 since Jun 2015
Thanks: 169 given, 460 received


jdox View Post
So you're telling me that there are people who have access to the best traders in the world and are able to imitate their trades and you don't think it's happening anywhere on the planet?

Transactional businesses...

What you're asking is do people steal - then the answer is as long as something has value someone will probably try steal it. There are people with access to billions of other peoples money, do they steal it? Some like Madoff do, but most don't.

If your asking is it done systematically as part of a legitimate business plan then no it isn't.

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