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Arbitrage The practice of taking advantage of a price differential between two or more markets: Combinations of matching deals are struck that capitalize upon the imbalance,…

Documents Copyright© JSE Limited 2008 27 February 2010 The South African and Global Landscape of Exchange...

Slide 1 Copyright© JSE Limited 2008 www.jse.co.za 27 February 2010 The South African and Global Landscape of Exchange Traded Funds (ETFs) 1 Slide 2 www.jse.co.za What is…

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Electronic copy available at: http://ssrn.com/abstract=2000336 Inefficiencies in the Pricing of Exchange-Traded Funds Antti Petajisto* First draft: October 10, 2010 This…