Triangular Arbitrage in the Foreign Exchange Market: Inefficiencies, Technology, and Investment Opportunities
by Marios Mavrides
|
List Price: $107.95
Our Price: $107.94
Your Save: $ 0.01 ( 0% )
Availability: Usually ships in 24 hours
Manufacturer: Quorum Books
|
Average Customer Rating: [ not yet rated ]
|
|
Binding: Hardcover
Dewey Decimal Number: 332.45
EAN: 9780899307183
ISBN: 0899307183
Label: Quorum Books
Number Of Items: 1
Number Of Pages: 200
Publication Date: 1992-09-30
Publisher: Quorum Books
Studio: Quorum Books
|
|
|
|
|
|
Editorial Reviews:
|
The recent evolution of an independent cross market, combined with the technological advancements in computerized trading marked the beginning of a new era in the Foreign Exchange Market. Triangular arbitrage among currencies, once only a theory, is now common practice for those with access to large amounts of money. This book illustrates how converting from one currency to another, then to another, and back to the original currency can be very profitable. This study provides the first direct and precise test of triangular arbitrage based on actual data. A risk-free profit can be made by taking advantage of price discrepancies of a currency in several different markets. The study begins by reviewing past work on triangular arbitrage and provides a comprehensive review of the Foreign Exchange Market and the procedures of computerized trading. The author then presents the theory of triangular arbitrage, given a group of five major currencies. The last chapters develop methods of testing that are original and based on empiracal information. The author is careful to explain that profits arer dependent on many variables related to market volume, volatility, inefficiency, and unexpected news. The markets that consistently show the largest amounts of inefficiency are the dollar-pound-yen, dollar-mark-yen, and dollar-yen-franc markets. Inefficiencies in triangular arbitrage imply that risk-free profitable opportunities exist. Traders can take advantage of those opportunities by focusing their attention on the markets in which profitable opportunities are available.
|
|
|
|
|
|
| eFinancialDistrict Market Place |
| Planet Loan | Get Free Debt Consolidation Quotes! Click here to lower your monthly payments. | |
| LowerMyBills.com | You Don't Need Perfect Credit to Refinance & Save $1000s. Compare Quotes from up to 4 lenders at LowerMyBills.com | |
| Credit Repair | Bad Credit cost you money in higher interest rates Click here to learn proven methods of repairing your credit. | |
| Forbes Investment Newsletters | Forbes Special Situation Survey - Our editor was ranked the #1 Stock Picker for 2003 by The Money Show Digest. click here! | |
| CreditReporting.com | The FTC advises monitoring your CREDIT REPORT activity ON ALL 3 BUREAUS. Order your 3-bureau report from CreditReporting.com today. | |
|
What is eFinancialDistrict Market Place?
eFinancialDistrict is a full-featured finance and accounting portal, and this book store is a part of it.
Since the book store selectively offers finance and accounting books and other related products,
our guess is that you are also interested in various finance and banking services.
This market place lists links to those services. Half of services offer you free information for you
to find out more about those services. Of course, it is completely free to request information.
If you find something interesting, just click on it! |
|
|
