Binding: Hardcover
Dewey Decimal Number: 332.645
EAN: 9780071359955
ISBN: 0071359958
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 508
Publication Date: April 04, 2001
Publisher: McGraw-Hill
Sales Rank: 434938
Studio: McGraw-Hill

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Editorial Review:

Product Description:
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 overview of the field of equity arbitrage, this groundbreaking reference provides:  Details of the financial instruments used in equity arbitrage—stocks, futures, money markets, and indices  Explanations of financial valuation and risk analysis, tailored to the characteristics of the underlying position and market environment  Examples of actual arbitrage situations—presenting a real-life snapshot of equity arbitrage in action The Complete Arbitrage Deskbook is the only book to combine operational details with practical analysis of modern equity arbitrage. Concise in explanation yet comprehensive in scope, it provides an integrated overview of both the practices and the possibilities of the modern equity arbitrage marketplace.




Rating: - Good info, overly complex, not focused
This was a dense book, not really the easiest to read, but was full of good information. For those looking for an introduction to equity arbitrage, just read the first section. Supposedly it's focused on equity arbitrage, but there's a lot of information about fixed income, which is interesting to know but really should have been edited out and put into a totally other book.

It's a pretty technical book, so if you don't have a background in the concepts involved, don't start with this ... Read More

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Rating: - 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.

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Rating: - At least the author is funny
Quote, page 21:

"The strong [efficient market hypothesis], which has been made illegal in some countries by laws against insider trading, states that..."

unquote.

Now, personally I don't agree with the strong EMH, but that is has been made illegal is indeed news. Buffett and Munger must be smiling.

Unclear thinking = unclear writing.

One star.

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Rating: - Difficult, but comprehensive read
The Arbitrage Deskbook is thorough guide to arbitrage trading strategies. It is extremely comprehensive, covering arbitrage in all markets - from equities, to bonds, to commodity futures, and more. Most important is that it gets the reader to think like an arbitrageur and recognize the arbitrage opportunities presented by different situations.

This book is so comprehensive, that it does sacrifice some depth for breadth. Many complicated math problems are glossed over; it is difficult ... Read More

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Rating: - 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.

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