同同学2020-05-11 04:52:00

请问可以详细解释一下risk-arbitrage trading么？根据原文 "In risk-arbitrage trading, the case for a trading prohibition is more compelling than it is in the case of market making. The impetus for arbitrage trading is neither passive nor reactive, and the potential for illegal profits is greater than in market making. The most prudent course for firms is to suspend arbitrage activity when a security is placed on the watch list. Those firms that continue arbitrage activity face a high hurdle（障碍） in proving the adequacy of their internal procedures for preventing trading on material nonpublic information and must demonstrate a stringent review and documentation of firm trades." - P97, L1V1，1)为什么long-short同时就可以？2）如何得出结论“在得到MNI时，只有跨国大公司可以做risk-arbitrage trading"? 3)可否解释一下原文中“The impetus for arbitrage trading is neither passive nor reactive, and the potential for illegal profits is greater than in market making. ”这句活的内涵？ 问题有点多。。辛苦老师了！