Judicial Arbitration is like a trial. But it is less formal and there is no jury.Market efficiency has been widely studied in the field of finance for decades, as it provides an investor with a sense of. Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. Arbitrage is when an asset (stocks, currencies, etc.) is bought in one market and sold in another for a higher price. The Fee Arbitration Program provides clients and attorneys with a simple method to resolve fee disputes without going to court. An arbitrage strategy allows a financial agent to make certain profit out of nothing, i.e. , out of zero initial investment.