11 lines
835 B
Markdown
11 lines
835 B
Markdown
# Front running
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The practice in malicious [market making](market-maker.md) of dealing on advance [asymmetric information](asymmetric-information.md) provided by their brokers and investment analysts before their clients have been given the information.
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Front running is illegal in the United States when trading [securities](security.md).
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See also [broker](broker.md), [asymmetric information](asymmetric-information.md), [market manipulation](market-manipulation.md) and [price-formation](price formation.md).
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## References
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1. Aldridge, Irene. High-frequency trading: a practical guide to algorithmic strategies and trading systems. Vol. 604. John Wiley & Sons, 2013.
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1. Akerlof, George A. "The market for “lemons”: Quality uncertainty and the market mechanism." In Uncertainty in economics, pp. 235-251. Academic Press, 1978.
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