Spreadex has been offering Sept Deutsche Telekom approx 20 points above IG, Fin and Cantor's equivalent quote for a few days now. In fact Spreadex's Sept price is higher than both their own Dec 2005 price and even March 2006 price!
Maybe they know something that no one in the rest of the market knows or perhaps they have screwed up?
Either way a possible arb for anyone who is is interested....
Maybe they know something that no one in the rest of the market knows or perhaps they have screwed up?
Either way a possible arb for anyone who is is interested....