The Complete Arbitrage Deskbook

by Stephane Reverre

Book Overview

The Complete Arbitrage Deskbook explains every aspect of the types, instruments, trading practices, and opportunities of modern equity arbitrage. It travels beyond U.S. borders to examine the worldwide opportunities inherent in arbitrage activities and demonstrates how to understand and practice equity arbitrage in the global professional environment. Written specifically for traders, risk managers, brokers, regulators, and anyone looking for a comprehensive...

• Format: Hardcover
• Language: English
• ISBN: 0071359958
• ISBN13: 9780071359955
• Release Date: April 2001
• Publisher: McGraw-Hill Companies
• Length: 508 Pages
• Weight: 1.95 lbs.
• Dimensions: 1.6" x 6.2" x 9.3"

Customer Reviews

Pay attention in class.....

As a professional in the ETF business I highly recommend this book. The math is a little tough at points (makes me wish I studied with more conviction) but well worth the time it takes to assess. As a desk top reference book it's a must have. Some of the subject matter is for the hardcore Quant however, that's what makes it appealing to read and consequently study.

The best on Arbitrage!

This book is very detailed. It's a good book focusing on all aspects of arbitrage. The most interesting section to me was the part where it focuses on financial markets and currency trading and such. However, the author covers every aspect of arbitrage beautifully and includes real life examples of what might happen if any of the possible strategies were to be used. Be forewarned that you must have a thorough understanding of calculus to get much use from this.

Very comprehensive, but may not suit all time frames

Reverre has written a very comprehensive book, covering all instruments. Quite importantly, he has gone beyond conventional merger arbitrage for the equity markets, and details both fundamentally based equity arbitrage techniques and statistical arbitrage, based on return correlations. The optimal audience is probably financial institutions with a speculative timeframe of a few days and upwards. The outlined methodologies do not include intraday arbitrage; however, the astute trader could probably modify the interday strategies to the intraday trading horizon, by constantly monitoring evolving bid and ask spread differentials at the microscopic level, rather than monitoring conventional interday spreads (without placing too much, if any, emphasis on bid-ask differentials). For the private trader, the book does provide some food for thought; however, unless a private trader has access to cutting edge technology and the appropriate price feeds, he will not be able to effectively execute too many of the posited strategies.

Great inside to quantitative financial realm

Great book that I read with smile! The author takes the reader step by step and teach in numerous example of real life, how to calculate the risks, the odds and of couse, find some arbitrage opportunities. The examples are pretty amazing and obviously tolerate for symbolize or numeric brains, as well all varieties of investors. I will consider the book as a must for very serious financial students. Surprisingly, even the last two chapters that dealt with risk arbitrage and pair trading are quite applicable to all invetors even the small ones. The book is great, did I say?

Index arb explained -- readable but exact

Great introduction to equity index arbitrage. Also emphasizes certality of money markets. Important read for junior traders or those who wish to better understand investing mechanics.