Bucketing

Definition

Forex

  • The illegal practice of a broker making a trade on behalf of a client but profiting his own account if the price moves lower before executing the order. The order is confirmed to the client but not executed immediately; when the order is actually executed, either the client pays a higher price or the savings from a price drop is credited to the broker's account.
http://www.dictionarycentral.com/definition/bucketing.html