对于证券分析师来说,信息少意味着猜的工作(guesswork)增加。 第二是有疑问的交易实践。内幕交易、提前交易(front-running,也就是我们现在常说的老鼠仓)和劣质执行在新兴市场非常普遍。
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关于交易信息能否构成内幕信息的探讨,最早来自于对“抢先交易”规制路径的争议。抢先交易(front-running),又译为“扒头交易”,一般是指交易者利用其知悉的尚未向市场公开的大宗交易信息,率先进行相关交易以获取利润的行为。
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Front Running 抢先交易
front running detail 抢先交易
ahead front-running inspection 运行前检查
Running in most front 跑在最前面 ; 运行在大多数阵线 ; 运行在最前端
running plain front dive 向前跳水 ; 向前跑动直体跳水
Running In The Front 跑在前面
以上来源于: WordNet
N the practice by market makers of using advance information provided by their own investment analysts before it has been given to clients 准备买卖未上市股票的经纪人用未交给客户前自身的投资分析给予的先前信息的实践 [stock exchange]
Next to such patent nonsense, promises by the two front-running candidates, Martine Aubry and francois Hollande, seem merely frozen in time, circa 1981.
除了这样公开的荒谬言论,两位领先的社会党候选人玛蒂娜·奥布里和弗朗索瓦·奥朗德给出的承诺,似乎几乎冻结在了1981年前后。
Three of the trades, including two front-running quarterly earnings releases, were in shares of contract research organization Pharmaceutical Product Developmen.
其中3项交易,包括两份事先泄露的季度财报,均与合同研究机构药用物品开发公司(Pharmaceutical Product Development)相关。
Anything that could be viewed as front-running would be off-limits, as would any company-specific comments that don't match up exactly to the information in Facebook's registration documents.
任何可能被视为抢跑的行为都是被禁止的。此外,关于公司的任何评论必须与Facebook上市登记文件中的表述完全一致。
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