Jitney (investment term)

From Wikipedia, the free encyclopedia

Jitney is an investment term with two meanings:

• a method (considered fraudulent in most jurisdictions), whereby unscrupulous investors trade shares back and forth at pre-arranged prices to give a false impression of price and volume. This is also called circular trading.

• a legitimate arrangement whereby a broker who has direct access to an exchange executes trades on behalf of a broker who doesn't.