Definition of Front Running


Front Running means engaging in a Personal Securities Transaction in advance of a transaction in the same security for a client’s account.


Front Running means undertaking any of the following activities prior to the Free to Trade Time which is intended to or is reasonably likely to encourage any person to take a Facility Interest except as a lender of record in Syndication:

Front Running means the process of a Mandated Lead Arranger or Underwriter: (x) communicating with any person which may be approached to become a syndicate member or disclosing any information (including, for the avoidance of doubt, the Information Package) to such person, which, in any such case, is intended to or is reasonably likely to encourage that person to take a Facility Interest other than as a lender of record in primary syndication or to discourage that person from taking a Facility Interest as a lender of record in primary syndication; and/or (y) actually making a price (whether firm or indicative, either generally or to a specific bank, financial institution or third party) with a view to buying or selling a Facility Interest.

Examples of Front Running in a sentence

Front Running - Employees may not engage in “front running,” that is, the purchase or sale of securities for their own or Mellon’s accounts on the basis of their knowledge of Mellon’s trading positions or plans or those of their customers.
Front Running is inconsistent with our responsibility to serve the interests of clients.
Front Running - Employees are prohibited from “front running,” that is, the purchase or sale of securities for their own or Mellon’s accounts on the basis of their knowledge of Mellon’s trading positions or plans or those of Mellon’s customers.
To help prevent Front Running, Scalping, and other trading abuses and actual or potential conflicts of interest, no Employee of MacKay (or account in which an Employee has any direct or indirect Beneficial Ownership interest) may purchase or sell, directly or indirectly, Covered Securities without prior approval of Legal/Compliance (except pursuant to the exceptions in Section 3.2 below).
Front Running is the practice of effecting the purchase or sale of a Security for personal benefit based on the knowledge of one or more impending Client transaction(s) in the same or equivalent Security.



More definitions of Front Running

Front Running means the buying or selling of a Security, or other financial instrument, with the intent on taking advantage of the market impact ahead of a transaction in the underlying Security by or on behalf of a Managed Account.


Front Running means the purchase or sale of securities while in possession of material non-public information concerning knowledge of Client transactions in those securities.

Front Running means undertaking any of the following activities during the Syndication Period (or such other period agreed by all Mandated Lead Arrangers) which is intended to or is reasonably likely to encourage any person to take a Facility Interest except as a Syndication Lender whose commitment and/or participation in respect of the Term Facility reduces the commitment and/or participation of each of the Underwriters in respect of the Term Facility on the Applicable Basis:

Front Running means the purchase or sale by an Access Person or a Family Member of an Access Person of a Security or a Related Security on the basis of MNPI about a pending or planned purchase or sale of the same Security or a Related Security for an Account. Typically, Front-Running will occur when an Access Person or a Family Member of an Access Person, knowing that an Account is about to purchase or sell a Security or a Related Security, purchases or sells such Security or a Related Security in advance of the purchase or sale by the Account. In addition, Front-Running will occur if an Access Person or a Family Member of an Access Person buys or sells a Derivative Instrument as to a Security or a Related Security based on MNPI regarding a pending or planned purchase or sale of such Security or a Related Security for an Account, in order to obtain a profit when the Derivative Instrument market adjusts to the price at which the Access Person, a Family Member of an Access Person or the Account purchases or sells the Security or a Related Security.

Front Running means the buying or selling of a security by a person, with the intent of taking advantage of the market impact of a client’s transaction in the underlying security by or on behalf of the Client.

Front Running means the practice of trading by a party in advance of trades by another party, in anticipation of profiting from a price movement that follows the trade.

Front Running means trading by employees in advance of large trades by LCP in anticipation of profiting from the price movement that follows the large trade.