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"Ultimately our goal here is to essentially try to do what [exchange-traded funds] have done."

--Heiko Ebens, equity-linked analyst at Merrill Lynch in New York, on the firm's new equity arbitrage index.

"Ultimately our goal here is to essentially try to do what [exchange-traded funds] have done."--Heiko Ebens, equity-linked analyst at Merrill Lynch in New York, on the firm's new equity arbitrage index.

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