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Arbitrage

trading
Definition
The simultaneous purchase and sale of the same or equivalent assets in different markets to profit from price discrepancies.

Explanation

Pure arbitrage is riskless profit — buying at $100 in one market while simultaneously selling at $101 in another. In practice, pure arbitrage is rare because electronic markets close price gaps in milliseconds. Statistical arbitrage (stat arb) involves trading securities that are historically correlated when the correlation temporarily breaks down. Merger arbitrage involves buying acquisition targets at a discount to the deal price. Most modern 'arbitrage' strategies carry some risk.

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