running ahead

(redirected from Runs Ahead)

Running ahead

The illegal practice of trading in a security for a broker's personal account before placing an order for the same security for a customer.

Running Ahead

An illegal act in which a broker or other representative, just before filling a large order on behalf of a client, conducts a transaction in the same security on his/her own account. A large order to buy or sell usually affects the price of a security; the broker conducts the transaction hoping to profit on the movement in price after he/she fills the client's order. This is a form of insider trading, as the broker filling the order knows something about the market's probable movement that other market participants do not know. It is also known as tape racing.

running ahead

The illegal purchase or sale of a security by a broker for his or her personal account before execution of customer orders in the same security. If a brokerage firm issues a negative report on a company, a broker acting on the report for his or her own account before telling clients about the report would be running ahead. See also front running.
References in periodicals archive ?
The Aussies are 234 runs ahead with four second-innings wickets intact as Derbyshire declared in an attempt to force a positive result.
England finished on 195-4, 11 runs ahead of Sri Lanka's firstinning total of 184, and Andrew Strauss's men are 6-5 to win the Tests.
The 35-yearold finished unbeaten on 201 as the home side declared on 620-4, 484 runs ahead.
Sixteen wickets fell in all as Ricky Ponting's side went 189 runs ahead.
The Shotley Bridge-born star hit an unbeaten 101 to help England finish the third day at Edgbaston 214 runs ahead on 297 for six in one of the most important innings of his career.
Smith, batting with Jaques Kallis, moved the score along to 211 for two, putting the visitors 362 runs ahead.
CRICKET: Wicket-keeper Mark Boucher broke Ian Healy's record for Test dismissals as South Africa finished day three of the first Test against Pakistan 235 runs ahead with seven second-innings wickets remaining.
Warne hammered a brilliant 71 off only 65 balls to help transform a 103-run deficit overnight into a 102-run lead and by the close England were reeling just 12 runs ahead on 114 for five.
The pair resumed on 257 for six, 53 runs ahead, and were not separated until late in the afternoon session.
Warwickshire's left-arm spinner struck just three overs before lunch on the fourth day to remove Boeta Dippenaar, a first innings centurion, and leave South Africa just 92 runs ahead at the interval on 180 for four with the dangerous Jacques Kallis unbeaten on 49.
Regarding single-mother births, Nunavut runs ahead of Quebec, where 55.
Having coceded a first innings lead of 70 to Pakistan, South Africa lost the key wicket of skipper Graeme Smith (65) three overs before close to finish on 140-3, just 70 runs ahead.