Arbitrage trading is the buying and selling of financial securities on two different exchanges in a given day. Traders make profits on the value difference between the two indexes, or even markets. For instance, one can exchange USD (US dollars) for INR (Indian Rupees) at a different exchange price in New York than Mumbai. It is usually done for the entire duration of day and is getting increasingly popular all over the world. Unlike statistical arbitrage, which does not guarantee profits, arb...