arbitrage

/,ɑ:bi'trɑ:ʤ/
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arbitrage

An investor uses arbitrage to profit from price differences between two markets.

Definition
  1. Noun:

    • A financial strategy involving simultaneous buying and selling: "Arbitrage" refers to the practice of buying an asset in one market and immediately selling it in another market at a higher price to profit from a temporary price difference. It is considered a risk-mitigated investment because the trades are executed concurrently.
    • The price difference itself: In finance, "arbitrage" can also refer to the price discrepancy between two or more markets that creates such a profit opportunity.
  2. Verb:

    • To engage in arbitrage: The act of executing simultaneous trades to profit from price differences in different markets.
Examples of Usage
  • Noun:

    • The trader identified an arbitrage opportunity between the London and New York stock exchanges.
    • Risk-free arbitrage is rare because markets are usually efficient.
  • Verb:

    • Hedge funds often arbitrage discrepancies in currency exchange rates.
    • They attempted to arbitrage the price difference for gold between the two commodity exchanges.
Advanced Usage
  • "Pure arbitrage": A theoretical, risk-free form of arbitrage where the profit is locked in at the moment the trades are placed, with no capital at risk.

    • Pure arbitrage is more of a financial theory than a common practice due to transaction costs.
  • "Regulatory arbitrage": Exploiting differences in rules or regulations between two markets or jurisdictions.

    • The bank engaged in regulatory arbitrage by moving operations to a country with looser financial laws.
  • "Statistical arbitrage": A quantitative trading strategy that uses mathematical models to identify and exploit temporary price inefficiencies between related securities.

    • Their fund's success is based on complex algorithms for statistical arbitrage.
Variants and Related Words
  • Arbitrageur (n): A person or entity that engages in arbitrage.

    • The arbitrageur acted quickly to capitalize on the fleeting price gap.
  • Arbitraging (gerund/n): The activity or process of conducting arbitrage.

    • Arbitraging requires sophisticated technology to execute trades in milliseconds.
Synonyms
  • Riskless profit: (Concept) A gain achieved with no risk, which is the ideal outcome of an arbitrage transaction.
  • Spread trading: (Strategy) A related strategy that involves taking offsetting positions to profit from a change in the price difference (spread).
Related Phrases
  • "Arbitrage away": (Phrasal verb) The process by which arbitrage activity eliminates a price discrepancy, making the market more efficient.

    • Traders will quickly arbitrage away any significant price difference between the two markets.
  • "Arbitrage opportunity": (Common phrase) A situation where arbitrage is possible.

    • The software scans multiple markets in real-time to detect arbitrage opportunities.
Related Idioms
  • "A money machine": (Informal idiom) Sometimes used to describe a highly successful, low-risk arbitrage operation, though it implies consistent, easy profits.
    • Before the markets corrected, that currency trade was like a money machine for arbitrageurs.
arbitrage

An investor uses arbitrage to profit from price differences between two markets.

Noun
  1. a kind of hedged investment meant to capture slight differences in price; when there is a difference in the price of something on two different markets the arbitrageur simultaneously buys at the lower price and sells at the higher price
Verb
  1. practice arbitrage, as in the stock market