套利

Arbitrage is a usual transaction behavior in order to make profits. It is the possibility of riskless profits.

套利是一种常见的，以获利为目的的交易行为，它是基于无风险的超额利润产生的。

If an asset has riskless super profits, there is arbitrage opportunity in the market.

如果某个资产在无风险的超额利润，就会产生套利行为。

If an asset has riskless super profits, there is arbitrage opportunity in the market.

如果某个资产存在无风险的超额利润，就会产生套利行为。

The elimination of riskless profit opportunities in the futures market is referred to as arbitrage.

期货市场上消除无风险的利润机会被称为套利。

So there were lots of carry trades and that has resulted in very skewed financial flows.

所以出现了很多套利交易，造成了极不均衡的资金流动。

For the security market with restricted borrowing and short sale unallowed, Options pricing formula are advanced, and the relation between them and Black-Scholes Options pricing formula is discussed. The essence of Black-Scholes Options pricing formula is set forth. To the security market with restricted borrowing and short sale unallowed, stock returns risk pricing formula is advanced and the demonstration analysis of China security market is provided. From the demonstration analysis, arbitrage exists in China security market, which can be applied to explain the riddle of a great deal of China bank money and hot money swarming into China security market.

本文在B-S期权定价的基础上，直接利用股票本身的参数推导出股票收益率风险的定价公式；对不允许融资和卖空的证券市场，给出了看涨期权和看跌期权的定价公式，并讨论了他们和相应B-S期权定价公式之间的关系；对B-S期权定价公式的本质做出了阐述；对不允许融资和卖空的证券市场，给出了股票收益率风险的定义；利用股票收益率风险的新定义，对中国证券市场进行实证分析，得出中国证券市场存在套利，解释了2006年和2007年中国大量银行资金和国外热钱流向中国股市之谜。

We're recently made big investments in currencies and viatical settlements. We don't do arbitrage any more because we're too big.

就像我们最近大手笔投资外币以及保单贴现，我们不再做任何套利投资，因为我们的规模实在是太大了。

He told a congressional panel stronger regulations are needed for major players like hedge funds and nonbank financial institutions like insurance giant AIG.

他告诫国会基金小组，要多对像套利基金这样的主要基金和像金融巨头AIG美国国际集团）这样的非银行系统的金融机构加强管理。

Throughout history, financial markets have served the useful -- and at times, painful -- purpose of arbitrating the interplay between economic and non-economic factors.

历史上，金融市场一直服务于一种有益的、有时是痛苦的目标：在经济与非经济因素之间的互动中套利。

One central sin that bedevilled the SIVs was that banks often used them for regulatory arbitrage.

SIV身上的一大罪过是，银行经常利用它们进行监管套利。

Finally, according to market conditions and market products this article paper analyzes the trends in the development of camera technology, and designs a color night vision camera.

最后根据市场情况和市面上产品的情况分析了摄像机技术的发展趋势，并设计了一款彩色夜视摄像机。

Only person height weeds and the fierce looks stone idles were there.

只有半人深的荒草和龇牙咧嘴的神像。