ordres « en face à face »

English translation: orders back-to-back

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:ordres « en face à face »
English translation:orders back-to-back
Entered by: translink

13:57 Apr 17, 2013
French to English translations [Non-PRO]
Bus/Financial - Investment / Securities
French term or phrase: ordres « en face à face »
This is a text about price manipulation as viewed by the AMF and the decisions of its Commission des sanctions.


La jurisprudence de la Commission des sanctions en matière de manipulation de cours donne des exemples classiques de pratiques et manœuvres incriminées, qui tendent essentiellement à donner une image fictive du marché, tels que :
• l’entrée dans le carnet d’ordres de nombreux ordres à des cours ne permettant pas leur exécution immédiate, puis annulés aussitôt après avoir produit leur effet baissier ou haussier, ce qui a permis à l’auteur de ceux-ci d’acheter parallèlement des titres sur la tendance baissière et d’en vendre sur la tendance haussière, tendances qu’il avait directement provoquées ;
• les *** ordres « en face à face » *** consistant à passer un ordre d’achat ou de vente, rapidement suivi du passage, à partir d’un autre compte, d’un ordre en sens contraire et portant sur un volume similaire, donnant ainsi au marché des indications fausse ou trompeuses quant au volume de l’offre et de la demande.
translink
France
Local time: 10:35
orders back-toback
Explanation:
Got a funny feeling this is viewed as back-to-back in English, in order to avoid confusion with face-to-face, implying that the parties actually see one another.

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Note added at 3 hrs (2013-04-17 17:14:53 GMT)
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back-to-back

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Note added at 3 hrs (2013-04-17 17:16:46 GMT)
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Sorry, I think I've seen this in the context of loans. I need to research this. Readjust confidence level to 2/5!
Selected response from:

Nikki Scott-Despaigne
Local time: 10:35
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3orders back-toback
Nikki Scott-Despaigne


  

Answers


3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
ordre en face-à-face
orders back-toback


Explanation:
Got a funny feeling this is viewed as back-to-back in English, in order to avoid confusion with face-to-face, implying that the parties actually see one another.

--------------------------------------------------
Note added at 3 hrs (2013-04-17 17:14:53 GMT)
--------------------------------------------------

back-to-back

--------------------------------------------------
Note added at 3 hrs (2013-04-17 17:16:46 GMT)
--------------------------------------------------

Sorry, I think I've seen this in the context of loans. I need to research this. Readjust confidence level to 2/5!

Nikki Scott-Despaigne
Local time: 10:35
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Notes to answerer
Asker: fits the context perfectly, thanks!

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