by arbitrage mechanism that brings both markets to equilibrium. When arbitrage opportunities arise, arbitrageurs buy … return to theoretical levels. Such mechanical arbitrage trading tends to create large order flows that could be difficult for … argue that the increase in trading volume and return volatility may be attributed to index arbitrage transactions as …

inflation rates for the period from 1961 to 1981. Forward rates are employed here to represent the present expectation of future …

Established in 1988, the Shingo Prize for Operational Excellence recognises organisations in the USA, Mexico and Canada …

effect). This study has practical implications for regulators, corporations and investors, both in the USA and abroad. …

andSchachermayer’s Mathematics of Arbitrage. The technique is then applied to financial pricingproblems. The right choice of numéraire …

, significant arbitrage opportunities over the second halfof the last decade. Yet, terminal elevator operators—perhaps the only … demonstrates conditions under which a profit maximizing warehouseman foregoes available arbitrage. We find that making delivery …

expirations of future contracts, identifying, thus, the chance to get profits with arbitrage. The results had shown more that the …, it is detected possibility to get profits with arbitrage in the market of Brazilian exchange. …

supports these assumptions. An empirical application of the arbitrage equations providesevidence that risk aversion and …