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If markets are efficient, then there are no exploitable arbitrage opportunities. But if no one engages in arbitrage, then what eliminates such exploitable opportunities? This article puts international financial markets under the microscope and shows that arbitrage opportunities exist, but they are usually eliminated in less than five minutes. Such micro-arbitrage makes the assumption of no ...
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Correction: This story previously misspelled the name of Henri Keith, wife of Benton County Senior Circuit Judge Tom Keith.
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Top National News Right Now KFOR, OK - 32 minutes ago WASHINGTON (AP) - More losses, but another helping hand for Washington today for ailing insurance giant American International Group. ...
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