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Ok well technically front-running is a term used in the industry to specify a type of trading, it's not illegal in itself. However, you can front-run in an ille
by Phillipharryt 8y ago
Ok well technically front-running is a term used in the industry to specify a type of trading, it's not illegal in itself. However, you can front-run in an illegal way. Like driving a car isn't illegal but you can do it in an illegal manner. The act of front-running becomes illegal when you do it based on insider information, much like the driving becomes illegal when you speed.
I hope this clears things up.
- OldManAndTheCpp 8y agoTo be very clear to all readers: front running is illegal. No one in the automated trading industry refers to the non-illegal trading that they do with a reference to illegal trading.
- Phillipharryt 8y agook
- tanderson92 8y agoAs discussed elsewhere in this thread (search my nick), "no one" refers to frontrunning as encompassing both legal and illegal cases except the author of the definitive textbook on market microstructure.
- Phillipharryt 7y agoThank you, I gave up arguing it and was getting massively downvoted for my comments.