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The formal term, instead of 'bucketing', used to be 'allocation' (CFTC's term, not mine), whereby the orders were distributed to various accounts after the fact (and after the mkt close that day). I was for a time in the compliance department with her brokerage, which was the old Clayton Brorkerage of St. Louis. Red Bone worked for Clayton in the Memphis and Little Rock offices. He had been caught allocating orders several times over the years.

Nice guy, very personable, but the first guy I ever met who made me want to count my fingers after shaking hands with him. He died in 1980 or 1981, if I recall rightly. Clayton, in 1979, got tangled up with the Hunt brothers silver machinations in 1979-1980, and bit the big one when the Hunts went down. Look up "liquidation only directives" from a commodity exchange if you want to see a **scary** story!