Arbitrage

In economics and finance, arbitrage (US /ˈɑːrbᵻtrɑːʒ/, UK /ˈɑːbᵻtrɪdʒ/, UK /ˌɑːbᵻtrˈɑːʒ/) is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices. When used by academics, an arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow in at least one state; in simple terms, it is the possibility of a risk-free profit after transaction costs. For instance, an arbitrage is present when there is the opportunity to instantaneously buy low and sell high.

In principle and in academic use, an arbitrage is risk-free; in common use, as in statistical arbitrage, it may refer to expected profit, though losses may occur, and in practice, there are always risks in arbitrage, some minor (such as fluctuation of prices decreasing profit margins), some major (such as devaluation of a currency or derivative). In academic use, an arbitrage involves taking advantage of differences in price of a single asset or identical cash-flows; in common use, it is also used to refer to differences between similar assets (relative value or convergence trades), as in merger arbitrage.

Match (play)

Match is a dramatic comedy by Stephen Belber

History

The character of Tobi is inspired by Alphonse Poulin, a professor of ballet at Juilliard School.

Synopsis

Tobi is an aging dancer, choreographer and teacher who enjoys knitting. His quiet life is interrupted when Mike and Lisa enter his home under the pretense of interviewing him for Lisa's thesis.

Productions

The Broadway production was directed by Nicholas Martin. The play starred Frank Langella as Tobi with Ray Liotta as Mike and Jane Adams as Lisa. The show ran for about two months. For his role as Tobi, Langella was nominated for the Tony Award for Best Actor in a Play.

Adaptations

Belber adapted the play into the 2014 film Match, which he also directed.

References

External links

Match (drink)

Match (マッチ, Macchi) is a carbonated Japanese soft drink usually sold in street vending machines. The drink was previously only sold in standard aluminum cans with pop tops, but is now more commonly sold in bottles. The flavor of the drink is described as "fruity" and is quite popular among tourists. Though the drink is far from ubiquitous in Japan, there have been reports of it being sold in Ginza and Yokohama. Match is sold in 300ml, 350ml, 480ml, and 500ml containers.

The song "Locolotion" by the Okinawan group Orange Range was used for a commercial.

References

External links

Match II

Match (also known as Match II and Match III) (1958-1965) was a French Thoroughbred racehorse who won major races in England, France and the United States and who was voted British Horse of the Year. Like many French-bred horses, he carried the numerical suffix "II" when racing in Britain. Because another horse with the name Match was born registered in the United States that same year, he is sometimes recorded as "Match III."

Match was bred by French hotelier Francois Dupre at his Haras d'Ouilly in Pont-d'Ouilly, France. The son of the champion Tantieme, he won important races in France at age two then at age three won in France and England before capping off an outstanding 1962 season with a win in the prestigious Washington, D.C. International at the Laurel Park racecourse in Laurel, Maryland. Ridden by Yves Saint-Martin, Match earned the "Best in the World" title, defeating the best turf horses from Europe, Russia, as well as the American entries, Carry Back, Beau Purple, and the great Kelso.