How does the modern Arbitrageurview the world?
What are thelimitations of his or her knowledge?
Can Arbitrageur learn anything usefulfrom modelling?
And can they usestudies of the past to plan effectivelyfor market crashes?
We present a course which probes foranswers in an enlightening environment.
Arbitrage involves exploting mis-pricing opportunities and generating riskless profits or profits which are in excess of the risk adjusted requiredrate of return. It is quite unfortunate that Arbitrage in India is often interpreted by a layman as Jobbing.Those traders who have speed in trade excecution are discribed as great arbitrageurs. As markets become moreand more sophisticated, the survival of fittest strategy will gain ground. Inthe global market place, there areextensive software programmes designed to detect and exploit mis-pricing. TheIndian markets have only started experiencing such trading by sophisticated Institutional players.
We have extensive experience bothacademically and practically on carrying out Arbitrage. We also findthat there are number of studentswho after having understood the basicsof Derivatives Market wish to developexpertise at generating arbitrageopportunities. It represents a careeroppurtunity that is unique in its ownself. It requires huge commitment ofBrain and Money to become an Arbitrageur.
We therefore introduce a course on Arbitrage which is primarily focussedon Options and Futures pricing (andtherefore mis-pricing) centered ontrading on volatility while at the sametime remaining hedged by contructingportfolios comprising Options , Futuresand Stocks which are Delta, Gammaand Vega neutral. There is stress onthe use of both Historical and MonteCarlo simulation. The course is meantonly for people who have a deep desire to become a true arbitrageur and not jobber.
DURATION-5 sessions of 3 hrs each