-quote changes in lagging contracts with a directional accuracy in excess of 85%. A simple statistical arbitrage strategy exploiting … arbitrage in this market setting. Overall, our results accord with the view that informational inefficiencies incentivize …

UK stocks and ADRs yields 5% annually net of costs, taxes, and systematic risk. Unlike arbitrage in other settings, stock …-ADR pairs traders face minimal uncertainty toward price convergence, yielding stable returns. Hence, ADR arbitrage is …

Ours is the first paper to highlight pairs trading as the main price-correcting mechanism by which arbitrage can …

Arbitrage and liquidity are interrelated. Liquidity facilitates arbitrageurs’ trading on deviations from the law of one … price. However, whether arbitrage opportunity leads to an increase or decrease in liquidity depends on the cause of the … arbitrage and liquidity influence each other in the world’s largest platinum futures markets on exchanges in New York and Tokyo …

.According to MITCHELL/PULVINO/STAFFORD (2002), negative stub valuesindicate clear arbitrage opportunities, which sometimes exist …

and fundamentals. Speculation ; Limited Arbitrage ; Hedging ; Exchange Rate Disconnect …

We develop a genetic algorithm that is able to find the optimal sequence of exchange rates that maximizes arbitrage … profits with more than three currencies, being both the triangular arbitrage and the direct exchange rate two special cases of … the period October 2000-April 2012. Our results also suggest that the arbitrage profits increased just after the subprime …

. This is especially true for the profits from riskless arbitrage. Yet, there is conflicting evidence in the financial … economic literature over whether high frequency trading (HFT) profits, in general, (Baron et al [2012]) and arbitrage profits … firms in being faster if arbitrage profit opportunities persist (in the absence of limits to arbitrage). There are several …