Triangular Arbitrage in the Foreign Exchange Market
Marios Mavrides
Rank: 117558
The major purpose of the book is to illustrate that triangular arbitrage in
the foreign exchange market can be profitable.
This idea is reinforced by
the recent evolution of an independent cross market, and the remarkable
developments in telecommunications.
The book illustrates how a dealer of
Foreign Exchange can apply the "buy low and sell high" rule without taking
any risk.
The keys to avoid the risk are speed and precision. All the
procedures are computerized so that speed and precision problems that are
inherent in manual trading are now solved.
About the Author
MARIOS MAVRIDES is Assistant Professor of Economics at Rosary College in
River Forest, Illinois.
The major purpose of the book is to illustrate that triangular arbitrage in
the foreign exchange market can be profitable. This idea is reinforced by
the recent evolution of an independent cross market, and... read full editorial