抢先交易的中文解释

1.交易商在执行客户买卖委托前，先替自己的账户买卖的非法操作，通常是因为交易商认为客户的买卖将改变市场价格，因此抢先买卖以图利。2.经纪商在自己发表的研究报告尚未广为散播之前，先行买卖股票的行为。

Front Running的英文解释

1. An illegal practice whereby a trader deals on his own behalf ahead of carrying out a client's order to buy or sell shares or other financial instruments, when he knows that client's order is likely to change prices, or move the market. 2. Trading in shares by a brokerage house ahead of publication of its own research report which has not yet been widely disseminated.

• financial [fi´nænʃəl]   a.金融的，财政的   (初中英语单词)
• research [ri´sə:tʃ]   n.&vi.调查；探究；研究   (初中英语单词)
• trader [´treidə]   n.商人；商船   (高中英语单词)
• behalf [bi´hɑ:f]   n.利益   (高中英语单词)
• publication [,pʌbli´keiʃən]   n.发表；公布；发行   (高中英语单词)
• whereby [weə´bai]   ad.凭什么；靠那个   (英语四级单词)
• illegal [i´li:gəl]   a.不合法的，非法的   (英语六级单词)