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


futures.io - futures trading strategies, market news, trading charts and platforms


Reviews of Brokers and Data Feeds


Review and discuss futures brokers, their requirements and features, or ask questions about brokers and data feeds




 

Can brokers piggyback on their customers?

  #23 (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
As I stated in my original post, I was curious if it was possible or if there was something in place to prevent this kind of thing from happening. All the brokers wanted to turn it into, "oh no that's not what we do, no broker would ever think of doing that". They act like I'm crazy for having the thought even crossing my mind.

Integrity, lack of interest, so generally no. You talk like brokers are thieves by nature.

I don't see what's the issue anyhow, it's only a negative if a broker front runs you. If a broker buys or sells after you then it's a bonus, so your question is pointless.

If they front run you then there is a rule in place as it's illegal.

Sent from my SM-N9005 using Tapatalk

Visit my futures io Trade Journal Reply With Quote