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Gold/Mining/Energy : USA Video Interactive (US:ASE) -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (766)	1/14/1998 1:15:00 PM
From: Kent C.	Read Replies (2) \| Respond to of 1841

Hi Martin, Jitney trading doesn't work like that. It is a very grey area of the market, and usually only used by investors with large (200,000+) blocks of stocks to hid their trades. Jitney trades usually are done through traders at the smaller, non-bank owned houses. (Georgia Pacific, PI, Yorkton, McDermid, CMO, Global etc). The traders that execute the jitneys know each other, so usually, if a house in Vancouver jitneys a trade, its for another Vancouver house. Same goes for Calgary and Toronto. Depending on the situtation, the broker that asks for a jitney, losses some or all of his comission on the trade. If the broker is charging you extra for this (or even offering* jitney trades for you), I'm sure his or her compliance officer would love* to hear about it. Cheers, Kent