套利

The concept of a consistent term structure is introduced and a result on its existence is proved with the theory of convex analysis.

在引入相容的期限结构概念后，利用凸分析理论给出了它的一个存在性结果：存在相容的期限结构当且仅当市场是无套利的。

Much of that rise follows the unwinding of the yen-funded carry trade, although there is also logic in a huge creditor nation having currency strength at a time of global credit rationing.

这一升幅有相当大一部分是在日元套利交易大量解除后发生的，尽管在全球信贷紧缺之际，一个庞大的债权国拥有强劲汇率也是符合逻辑的。

Of course, it also exposes them to double-barreled losses if they are wrong.

许多套利基金还运用操作杠杆来增加盈利，当他们分析失误或判断出错时同样会适得其反

Before the relevant controls are dismantled and the invisible hand can be relied upon, an arbitrage mechanism might be needed to permit buying and selling in the two markets to achieve price equalisation.

在内地全面取消有关管制措施，以及能倚赖市场这无形之手之前，可能需要一个套利机制，以平衡有关股票在两地的价格。

In addition, the concept of a state price is introduced and its properties are analyzed from several different aspects. This concept is also used to characterize equivalently no-arbitrage.

此外，我们引入了状态价格的概念，并从不同的角度讨论了它的性质，也用它来等价地刻划无套利。

The formulas of the pricing European option are obtained for the stock whose price process is driven by exponential O_U process by the above tw...

证明了在指数O U过程模型下保险精算定价是一有套利定价。

As a study of human fallibility in competitive markets, behavioral finance theory rests on two major foundations.

行为金融有两大理论基础：有限套利和投资者心理分析。

Each of the four men interviewed works at a different specialty on the floor-one is a floor broker, filling orders for the account of other persons or firms; one is an arbitrageur who trades in spreads, seeking profits in the changing relationships between two different but related markets; one is a scalper, a very short-term player who helps provide liquidity on the floor and who rarely takes a position home overnight; and the fourth is a position trader who, by his own admission,"is looking for the big play, in long-term trends."

接受访问的每个人，在营业厅内都有各自不同的专业领域——其中一位是营业厅经纪人，替别人或公司填交单子；一个是套利者，交易的是差价，从两个相关市场间的价格变化中套取利润；一个是做短线的，在非常短的时间内做短线，这种人对营业厅的流动性很有帮助，所做的仓位很少留到明天；第四个是趋势交易者，他自己说，他找的是"长期趋势中赚大钱的买卖"。

No-Arbitrage for the Term Structure of Interest Rates in a Frictional Market.

摩擦市场利率期限结构的无套利分析。

If markets are frictionless and arbitrage is not limited, then the law of one price would hold for the Siamese twins.

若市场没有摩擦、且套利是不受限制的，则有同样基本面的孪生股票价格应该符合一价法则。

They weren't aggressive, but I yelled and threw a rock in their direction to get them off the trail and away from me, just in case.

他们没有侵略性，但我大喊，并在他们的方向扔石头让他们过的线索，远离我，以防万一。

In slot 2 in your bag put wrapping paper, quantity does not matter in this case.

在你的书包里槽2把包装纸、数量无关紧要。