Learn both the theory and practice of pairs trading, why it isconsistently profitable, and how you can apply the strategies inyour own trading with this valuable guide. Author Douglas Ehrmancovers pairs trading involving stocks, options on stocks, andfutures contracts, and explains how this type of trading allows youto profit from the changing price relationship of securities. Inaddition to a comprehensive discussion of the theories involved, healso includes practical examples that will to help you put whatyou've learned into practice. Douglas S. Ehrman is a hedge fund manager and a leadingauthority on pairs trading. He is one of the founders and the ChiefExecutive Officer of AlphAmerica Asset Management LLC in Chicago.He also served as the chief executive officer of AlphAmericaFinancial, Inc., the company that operated PairsTrading.com priorto its merger with PairTrader.com.