Trading bots are running wild on cryptocurrency exchanges
frontrunning (n): the practice by market makers of dealing on advance information provided by their brokers and investment analysts, before their clients have been given the informationThe prototypical example is a large investment bank hearing about a large client buy order, then putting in a buy order first on their own book, knowing it will go up due to the client order. It is a violation of your fiduciary duty to the client.