: Mutual fund advisers often approve and allow frequent trading, frequent trading arbitrage, and late trading arbitrage to …

transition. For each period, we estimate the extent to which arbitrage opportunities are realized by traders, the transaction …

We give characterizations of asymptotic arbitrage of the first and second kind and of strong asymptotic arbitrage for a … asymptotic arbitrage without transaction costs; but with transaction costs there does not exist any form of asymptotic arbitrage …