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This arbitrage, while ingenious, could end as sadly as Kramer's own adventure.
"This arbitrage actually helps to keep the funds in line," says Chris Traulsen, senior analyst with Morningstar in Boston.
This arbitrage can form the basis of a financial firm that could leave principals and agents pleased for years, even decades.
This arbitrage would push up the price of UVW on the other exchanges and drive it lower on the Nasdaq, resulting in a new equalized price of say $20.02/$20.03.
"We do not believe all this arbitrage is justified but we can see 10% upside on this angle".
Market sources report that the decision to change the plan so as to eliminate this arbitrage opportunity was made on Monday night.
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This arbitraging activity keeps ETFs priced pretty close to their net asset value.
Under the short-term operation strategy proposed in this paper, the arbitrage income plays the dominating role.
Now that this "gender arbitrage" gap is narrowing, sexual minorities could be next on the list.
Take away this ratings arbitrage, and the foundations of some types of C.D.O.'s disappear altogether.
According to the research company Datanalysis, half of those in any given line are working in this shady arbitrage business.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com