A trust company may engage in stock index futures trading for the purpose of hedging, arbitrage or speculation with its single trust business.

信托公司单一信托业务可以套期保值、套利和投机为目的开展股指期货交易。

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It is the benchmark for asset pricing, financial product design, hedging, risk management, arbitrage and speculation.

它是资产定价、金融产品设计、保值和风险管理、套利及投机的基准。

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Stock Index Futures prices have found that hedging, arbitrage and speculation, to create products, and other functions.

股指期货具有价格发现、套期保值、套利、投机、产品创造等功能。

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"The new guidelines are aimed at further tightening the oversight of the bond-issuance market and specifically cracking down on speculation and arbitrage between some investors and underwriters, " said Yang Weixue, a senior fixed-income analyst at Lianxun Securities.

WSJ: China Tightens Rules on Bond Issuance

Or if you want to go a bit further, why and how there is arbitrage and speculation in financial markets.

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Or, as should be engraved in stone above all trading desks: arbitrage is arbitrage and speculation is speculation and never the twain shall meet.

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