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The object of arbitrage is to try to make profits from these differences in value.
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Many are doing this type of arbitrage".
The best parts of "Arbitrage" avoid the usual moral simplicities.
So there would be a kind of arbitrage opportunity.
More complex systems lead to a greater amount of arbitrage.
The main characters of "Arbitrage" and "Cosmopolis" fit into a newer tradition of far squishier protagonists.
High prices, lots of volatility, a lot of dislocation, tightness, a lot of arbitrage opportunities.
But there is a limit to the gains from this form of arbitrage.
(Amazon.co.uk) "The Limits of Arbitrage", by Andrei Shleifer and Rob Vishny, appears in the Journal of Finance, March 1997.
Computers now try to take advantage of arbitrage opportunities that last milliseconds, rather than hours.
The second type of arbitrage is what happened in the last cycle.
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CEO of Professional Science Editing for Scientists @ prosciediting.com