The term front running refers to a practice in which a bank or wealth manager uses their advanced knowledge of the impact of trades they make on behalf of customers on market rates for their own benefit.
Like parallel running and back running, front running is a direct abuse of information and a breach of trust between wealth managers or banks and their customers.
Illegal currency transactions made by international banks based on unfair use of information are a prime example of front running.
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moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom.
