front running
Word Rarity
Uncommon
Frequency: Zipf frequency 4.95 in modern English
16
Scrabble Score
12
Letters
3
Syllables
8
Unique Chars
Meaning
noun
The illegal practice of a stockbroker who, on receiving a large client order, places an order for his or her own account ahead of the client's, knowing that when the client's order is placed it will move the market and create a profit for the broker.
Uncountable
noun
The illegal practice of placing orders for a security on one's own account in advance of promoting or recommending it.
Uncountable
Example Sentences
- "The charges stem from an investigation into the front-running of block trades . . . a practice in which a trader takes a position to capitalize on advance knowledge of a transaction large enough to influence the price of securities."