-jump securities and impulse regime switching securities. Moreover, we give conditions under which the market is asymptotic-arbitrage …

-jump securities and impulse regime switching securities. Moreover, we give conditions under which the market is asymptotic-arbitrage …

concept of no asymptotic arbitrage (of the first kind) which is invariant under discounting. We give two dual …,∞) can be viewed as a large financial market and how no asymptotic arbitrage, both classic and in our new sense, then relates …

present a notion of exact arbitrage, strictly weaker than the more conventional notion of asymptotic arbitrage, and necessary …

is of Poisson type. We also present a simple martingale based theory for absence of asymptotic arbitrage. …