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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.

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