Updated on March 2, 2023
A Jitney order refers to an order which is entered by a dealer or broker or market participant on behalf of another participant. A Jitney order is viewed as negative in markets or one which is carried out illegally. The execution and settlement of stock market orders that are done with an intention of commission enhancement or distorting volumes is a Jitney order. These orders and mostly placed for securities with low volumes or for penny stocks for artificially moving up their price.