arbitrageur

In finance, a person who buys securities (such as currency or commodities) in one country or market for immediate resale in another market, to take advantage of different prices.

Arbitrage became widespread during the 1970s and 1980s with the increasing deregulation of financial markets. The effect of arbitrage is to lessen or eliminate the price differentials among the markets. The term took on additional meaning with the increase in corporate buyouts in the deregulated atmosphere of the late 1980s. Arbitrageurs speculated on target companies, buying stock and reselling it at the higher buyout price.