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With speculation about possible trades ahead of the July 31 deadline, this arrangement made Mets Manager Terry Collins nervous.
Front-running is when a firm trades ahead of a customer's large order that is likely to move the market, profiting off the inside knowledge of the impending change in the price.
Mr. Kinnucan told Judge Deborah A. Batts in federal court that he worked from 2008 to 2010 to obtain private information from employees of public companies so that he could relay the information to others, who would then make profitable trades ahead of the public announcement of the developments.
Similar(53)
Options exchanges are wary of unusual trading ahead of deals.
In other words, there's a lot more horse-trading ahead.
It is the second instance of significant suspicious trading ahead of a cross-border merger this year.
"We are trying to front-run recs," it said, referring to trading ahead of analysts' recommendations.
That means there will likely be weeks, we hope not months, of political horse-trading ahead.
Ever cautious, we are not surprised to hear Lord Wolfson warn of difficult trading ahead".
Not all of the elite players were traded ahead of free agency a year ago.
The supermarket beat forecasts for the second quarter, but warned of tougher trading ahead.
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CEO of Professional Science Editing for Scientists @ prosciediting.com