Triangular Arbitrage in the Foreign Exchange Market: ...

The major purpose of the book is to illustrate that triangular arbitrage in the foreign exchange market can be profitable. This idea is reinforced by the recent evolution of an independent cross market, and the remarkable developments in telecommunications. The book illustrates how a dealer of Foreign Exchange can apply the buy low and sell high rule without taking any risk. The keys to avoid the risk are speed and precision. All the procedures are computerized so that speed and precision problems that are inherent in manual trading are now solved.