1. A situation in which one broker who has direct access to a stock exchange performs trades for a broker who does not have access.

  2. A fraudulent activity in the penny stock market involving two brokers trading a stock back and forth to rack up commissions and give the impression of trading volume.

  1. For example, a small firm whose volume of business is not sufficient enough to maintain a trader on the exchange would give its orders to a large dealer for execution.

  2. Jitney, or "the jitney game," is basically the same thing as circular trading. The term originated from "Jitney buses," which was a derogatory slang term for Ford buses at the beginning of the century. A reporter coined the term by alluding to the five-cent piece it cost back then for a bus ride. It has since been used to refer to something that is cheaply and poorly made.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Jitney — may refer to:* Jitney (taxi) * Jitney (play), written by August Wilson * Jitney (investment term) * Jitney (coin) A small coin a five cent piece in the USee also*Jeepney, Philippine share taxi …   Wikipedia

  • jitney — (n.) bus which carries passengers for a fare, 1915, short for jitney bus (1906), American English, from gitney, said to be slang for any small coin, especially a nickel, because the buses fare typically was a nickel, the coin name perhaps via New …   Etymology dictionary

  • jitney — n. 1. a small bus or similar vehicle carrying passengers on a fixed route, used for public transport. [WordNet sense 1] Note: Probably so called because they once charged a nickel for the ride. RHUD [WordNet 1.5] 2. A five cent piece; a nickel.… …   The Collaborative International Dictionary of English

  • jitney — (izg. džìtni/ob. džìtnej) m DEFINICIJA ekon. izraz za čin kad jedan član centraliziranog tržišta izvrši nalog za drugoga člana ETIMOLOGIJA amer.engl …   Hrvatski jezični portal

  • jitney — ☆ jitney [jit′nē ] n. pl. jitneys [c. 1903 < ? Fr jeton,JETON] 1. [Old Slang] a five cent coin; nickel 2. a small bus or a car, esp. one traveling a regular route, that carries passengers for a low fare, originally five cents …   English World dictionary

  • jitney — /ˈdʒɪtni/ (say jitnee) US –noun (plural jitneys) 1. a small motor vehicle, as a bus or van, which carries passengers. –verb (jitneyed, jitneying) –verb (t) 2. to carry in a jitney. –verb (i) 3. to ride in a jitney. {US jitney a five cent coin,… …   Australian English dictionary

  • jitney — n. small passenger bus which travels along a fixed regular route and charges a low fare; unlicensed taxicab; 5 cent coin, nickel (Slang); lawful arrangement wherein a broker who has direct access to a stock exchange carries out trades for a… …   English contemporary dictionary

  • jitney — /jit nee/, n., pl. jitneys, v., jitneyed, jitneying. n. 1. a small bus or car following a regular route along which it picks up and discharges passengers, originally charging each passenger five cents. 2. Older Slang. a nickel; five cent piece. v …   Universalium

  • jitney — n A nickel, a 5 cent piece. He didn t have a jitney on him at the time. 1900s …   Historical dictionary of American slang

  • jitney — noun (plural jitneys) Etymology: origin unknown Date: 1903 1. slang nickel 2a(1) 2. [from the original 5 cent fare] bus 1a; especially a small bus that carries passengers over a regular route on a flexible schedule 3. an unlicensed taxicab …   New Collegiate Dictionary

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