running ahead

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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 classic literature ?
"One thing more you might do to serve us," suggested the Tin Woodman; "and that is to run ahead and show us the way to the Emerald City.
Some one had run ahead of her to where P'tit Maitre sat with his family and guests upon the gallery.
"Never mind your pink brains, please," said Ojo hastily; "just run ahead and show us the way.
Then the Waziri would melt into the distance and run ahead to take his stand farther on.
Lallana has been sorely missed with the Reds suffering a four-game winless run ahead of tomorrow's Premier League trip to Leicester City.
One of them liked to run ahead, As around a corner his twin he led, When the other arrived he was not in sight, Then out he jumped giving him a fright.
Thousands of Spanish localities host bull runs in the summer, allowing crowds of festival participants to run ahead hundreds of bulls in the streets.
Ms Lee Hopley, chief economist at the manufacturers organisation, said: "Manufacturing pay continues to run ahead of the wider economy with signs that the pressure on household budgets, at least for employees in industry, is starting to unwind.
Chamberlain has conceded only one goal in Chelsea's four-match winning run ahead of today's game.
But the IEA said crude costs had run ahead of a fragile economic recovery.
Last week, oil prices hit $87 a barrel - the dearest since October, 2008 - but the IEA said crude costs had run ahead of a fragile economic recovery.
But the IEA said crude costs have run ahead of a fragile economic recovery.