Is it ethical to “cut the line” during the pre-open sessions?

I have made it habit to jump the queue and buy stocks at one pip (or more) lower during the market open by queuing up in the pre-open period.

Say a best buy is at 1.3 and a best sell at 1.31, but if the TO is at 1.30 I will queue up at 1.31 to get the 1.3 price.

Is this considered ethical? On average I buy in to stock at about 0.5% cheaper this way. Of course I only do it when I am going to buy the stock regardless, but try to squeeze out that one last pip nonetheless.

Submitted July 14, 2017 at 12:39AM by learner1314


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