| 21. | The company's primary activity is arbitrage in foreign securities.
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| 22. | Arbitrage opportunities are created when there are differences in asset prices.
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| 23. | The limit may even make the program impractical for arbitrage.
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| 24. | When arbitrage fuels declines, financial shares drop in tandem.
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| 25. | Analysts said arbitrage opportunities may be limited but not impossible.
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| 26. | And there will be arbitrage back and forth between them.
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| 27. | Traders today made up the arbitrage gap that opened Thursday and Friday.
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| 28. | By padding prices, the firms kept yields below the arbitrage limits.
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| 29. | Long Term Capital's considerable success almost entirely depends on arbitrage.
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| 30. | If so, that would take away the resellers'arbitrage play.
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