Jamal Awil

← An Engine, Not a Camera

However, the proponents of sunshine trading reckoned that if news of the intended sale. [fact]

The obvious objection was that a sunshine trader would be "front run": others would sell futures ahead of them, in order to profit from a decline in price brought on by the pre-announced sale. However, the proponents of sunshine trading reckoned that if news of the intended sale was disseminated widely, competition among would-be front runners would tend to eliminate the adverse price effects of front running.

Donald MacKenzie, An Engine, Not a Camera, loc. 878