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Unformatted text preview: 4 types of traders Arbitrager only trader acting on relative pricing Politicians trying to reduce effect of speculators. Are they good or bad for markets and the economy. Provide liquidity and reduce risk premium Heterogamous markets Insurance, capital needed Market totally based on speculation will not last in the long run. Arbitrageurs- World for them has dramtically changed Mostly gone from electronic trading. Gone by algorithms...
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This document was uploaded on 10/27/2009.
- Spring '09