title = "ETF Trading and Arbitrage"

content = """
ETF trading involves both primary market creation/redemption and secondary
market trading. Arbitrage links the two and maintains fair value.

**NAV and iNAV** provide valuation references. Premiums and discounts
to NAV create arbitrage opportunities for authorized participants.

**Creation/Redemption** involves exchanging baskets for ETF shares.
APs facilitate liquidity and price efficiency.

**Stock Connect ETFs** track A-share indices. Connect eligibility and
quota affect creation and secondary liquidity.

**Liquidity** varies by ETF. Some trade with tight spreads; others
have wider spreads and lower volume. Execution strategy must adapt.
"""

version = "0.0.1"
