Read the article, then consider the following:

• If arbitrage opportunities are so limited, why is the interest in the topic so wide-ranging?

Possible considerations (use these as suggestions, not required to address these specific points):

• Is it only computer trading that might identify these opportunities?
• How do transaction costs affect the viability of arbitrage profits?

Note that in the online article, the authors suggest potential opportunities that are included in one of their references (see the reference, find the article and identify what these authors had to say).

• Are there every-day opportunities that might be available for FOREX arbitrage? (Hint: Think about foreign exchange booths at airports and in major international city-centers and how their rates compare to quoted bank rates.)

Find an article online that discusses the topic of FOREX arbitrage, summarize the key points of the article and provide the link to your fellow students.