Home  Journals  Finance and Credit  45(477) - 2011 December

Financial arbitrage: LSE

Available online: 29 November 2011

Subject Heading: Financial market

JEL Classification: 

In the article it is marked that increasing extent of influence of arbitragers to market of capital, particularly in Russia, causes the necessity of studying of arbitrage gambles. Main types of financial arbitrage are represented in this article. Arbitrage strategy of discount between prices of Russian local shares in MICEX to the prices of their GDR in LSE is examined in details. This strategy is a hedge from systematic risk (market risk) and from several types of individual risks of issuer.

Keywords: Arbitrage, Speculation, Discount, Local Share, Global Depositary Receipt (GDR)

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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