Signapore Bank quote for Korean won $ Won 714.00/S$
Hong Kong Bank quote for Signapore $ HK$ 4.7/ S$
Korean Bank korean won Quote for HK $ Won 150.00/ HK$
Assume you have an initial HK 1,000,000. is triangle Arbitrage possible. if so explain the steps.
What is the implication of trading spreads and commission cost for this profit? if commission cost are $3000 per transaction , is arbitrage still possible and profitible.