running ahead

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Also found in: Idioms.

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
John's [Antigua and Barbuda], Aug 25 (ANI): India were 260 runs ahead of West Indies at the stumps on day three in the first Test match on Sunday.
Methodist The track runs ahead across Lealholm Moor to cross Brown Rigg Howe and at the junction of routes continue ahead to reach the roadway at Danby Beacon on Beacon Hill.
Rivals Lancashire are only 45 runs ahead of Somerset with two wickets left and anything but a win today gives Essex (right) the title.
Match position: England are 17 runs ahead with all 10 second-innings wickets standing.
Yesterday, Alastair Cook's charges bowled the Proteas out for 214 shortly before lunch to be 89 runs ahead on first innings and they were 172-3 at stumps.
The tension escalated until the game reached its dramatic denouement with West Indies four runs ahead of the par Duckworth-Lewis score.
The Aussies are 234 runs ahead with four second-innings wickets intact as Derbyshire declared in an attempt to force a positive result.
- Ericsson runs ahead of LTE infrastructure market, followed by Nokia and Siemens.
The 35-yearold finished unbeaten on 201 as the home side declared on 620-4, 484 runs ahead. He put on 224 with AB de Villiers, who hit the fastest Test hundred by a South African off 75 balls.
Lancashire began the final day in a precarious position, only 20 runs ahead at 106-1 in their second innings.
Michael Clarke's 103 not out and 96 from Marcus North helped Australia withstand 84.2 overs on the final day to reach 375 for five at the close and finish 262 runs ahead.
Bopara almost struck with his second ball when Clarke, then on 38, pulled straight to Strauss at short midwicket only for the captain to miss the opportunity with Australia then 106 runs ahead.