running ahead


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 classic literature ?
There are some sailors running ahead there, if I see right, said I to Queequeg, it can't be shadows; she's off by sunrise, I guess; come on!
I joined them, and Leo accompanied us at some distance, running ahead and starting up at us out of clumps of ironweed, calling, `I'm a jack rabbit,' or, `I'm a big bull-snake.'
Presently, however, coming down a foot-path that crossed the highway, he caught sight of a slight figure in a red cloak, with a big dog running ahead. He hurried forward, and Madame Olenska stopped short with a smile of welcome.
He believes the stock's setup into the print is attractive and sees "solid likelihood of a solid beat, and potential raise to guidance." Comp trends as of early June were running ahead of guidance and recent supplier/industry checks suggest that Boot Barn's business trends remain strong, Keith tells investors in a pre-earnings research note.
All three appeared on CCTV holding a weapon each in Bates Crescent, with two running ahead while a third bent down to slash the tyres of vehicles before running off.
The wayward bus also consequently bumped the rear portion of a truck running ahead, report said.
The buildings of Greystones Farm are prominent below on our left as we make our way to the right along a stony track running ahead to the public road.
HEWORTH roundabout works are running ahead of schedule and could be finished in just six weeks.
I have discovered that this bus service the 5am from Holyhead has been running ahead of time since early June and occasional users like me have been caught out.
The Milwaukee Yamaha rider had not previously won this season but he was running ahead of four-time title winner and series leader Shane Byrne when the PBM Kawasaki rider crashed out of contention at Westfields after his team-mate Stuart Easton had crashed at the same point.
TURKEY has withdrawn its bid to stage the Ryder Cup in 2022, leaving ve nations in the running ahead of inspection visits from tournament oY=cials which will get under way this week.