Are Brokers Selling Data About Our Positions

[Frane 10]

Are brokers selling data about customers' trades? Information about when they entered and where they have put their stops, etc.

 

Are they currently doing it in any form (anonymized or aggregated)?

Is it legal?

Where can I get that kind of data?

[pro4Xtrader 10]

I don't think they need to sell it to someone, because that "someone" perhaps owns these brokerage firms.

 

But overall yea, sometimes banks can share this information between themselves to do stop loss hunting and make a substantial profit fast.... well, you know these banks are dirty all over.

 

This is not legal

 

Try that link http://www.dailymail.co.uk/news/article-2831108/Five-world-s-banks-fined-2BN-rigging-foreign-exchange-markets-prosecuted.html

 

hope helps

[Frane 10]

Thanks for answering. Do you know if there is some clear line where it becomes illegal? I know brokers are sometimes releasing some information to newspapers, who write articles like "Small investors are getting out of Apple", etc.