Notices

Scummed

From Traderpedia

Definition:
An expression used in the pits, referring to a trade executed with some element of subterfuge: "You scummed my trade!"


A scummed trade could refer to a pit trader taking a trade meant for another trader, or to a nudge given from a broker advising a local to sell one contract at the bid now, knowing it would trigger resting stops on that price.