Retakers,
The LOS for triangular arbitrage has only changed in wording slightly however from what i see in the official textbooks has it been watered down? To do the T.A questions in the blue box and EOCs we only require a simple calculation to figure out if arbitrage is possible between the interbank market and the dealer quotes. In the 2012 curriculum we were actually meant to up the bid down the ask around the whole triangular to work out a profit.
What are your thoughts on this?
The LOS for triangular arbitrage has only changed in wording slightly however from what i see in the official textbooks has it been watered down? To do the T.A questions in the blue box and EOCs we only require a simple calculation to figure out if arbitrage is possible between the interbank market and the dealer quotes. In the 2012 curriculum we were actually meant to up the bid down the ask around the whole triangular to work out a profit.
What are your thoughts on this?