CL is buying US dollars at 0.7627/$ the same as Duetchese banks bid price. Barclays...
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CL is buying US dollars at 0.7627/$ the same as Duetchese banks bid price. Barclays is buying Sterling pounds at $/ 1.9072 also same as Duetchese bank.CL is also making direct market between the euro and the pound with a current ask price of / 1. 4490. Assume a sale of $5million by a trader and demonstrate possible arbitrage in the transaction.
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