At that time, the main currency for arbitrage transaction was yen, because the interest rate was low for yen then, and many objects of arbitrage transaction were AUD and NZD.

当时进行套利交易的货币主要是日元，因为当时日元的利率很低，有很多套利交易的标的是澳大利亚元和新西兰元。

youdao

Time is thus a necessary condition to achieve the previously stated objectives of arbitrage and cooperation.

由此，时间是一个实现之前所提到的利益寻租和合作目标的必要条件。

youdao

Arbitrage in general has been used in economics for a long time.

套利一般已用经济学的一个很长的时间。

youdao

This is now time arbitrage or, as I say, speculation.

FORBES: Kweku Adoboli: How Did He Lose UBS $2 Billion?

He was speculating, doing time arbitrage.

FORBES: Kweku Adoboli: How Did He Lose UBS $2 Billion?

But my best guess is that someone on that risk free arbitrage desk moved from risk free pure arbitrage into very definitely not risk free time arbitrage, or speculation as we should call it, then the market moved against his bet.

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