Frente
| 08:03 Sep 4, 2014 |
| Spanish to English translations [PRO] Bus/Financial - SAP / Fraud detection | |||||||
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| 1 | Front |
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| Wikipedia |
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| Discussion entries: 4 | |
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Answers
4 hrs confidence: 
Front Explanation: As in front office? Just guessing really.... |
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Reference comments
7 hrs |
| Reference: Wikipedia Reference information: Found this in good ole Wikipedia - could it be relevant? Front running From Wikipedia, the free encyclopedia This article is about the financial practice. For the practice as applied to domain names, see domain name front running. Front running is the illegal practice of a stockbroker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers. When orders previously submitted by its customers will predictably affect the price of the security, purchasing first for its own account gives the broker an unfair advantage, since it can expect to close out its position at a profit based on the new price level. The front running broker either buys for his own account (before filling customer buy orders that drive up the price), or sells (where the broker sells for its own account, before filling customer sell orders that drive down the price).[1] Allegations of front running occasionally arise in stock and commodity exchanges, in scandals concerning floor brokers and exchange specialists.[2] In 2003, several hedge fund and mutual fund companies became embroiled in an illegal late trading scandal made public by a complaint against Bank of America brought by New York Attorney General Eliot Spitzer. A resulting U.S. Securities and Exchange Commission investigation into allegations of front-running activity implicated Edward D. Jones & Co., Inc., Goldman Sachs, Morgan Stanley, Strong Mutual Funds, Putnam Investments, Invesco, and Prudential Securities.[3] |
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