Wondering if anyone else is pursuing/practicing this strategy?? For instance, when big news breaks in Asia we will see the Asian markets react, and then see relatively delayed reactions in the European markets and in the US pre-market futures?? A perfect example was Monday following the G7 meeting. Markets tanked in Asia, w/ Japan down +4%. Later, DAX Futures opened -60 points and slide to more than -100 points. We also saw the US futures slowly melt in the premarket over the course of several hours. I've begun placing some trades to exploit this phenomenon and have done well. For instance, if I see Asia getting pummelled hard I will short the US futures on Globex and short Euro Indices as soon as they open. 'Global Arbitrage' is not an accurate description but you get my point. Interested to hear from others who do this, and if you follow strict rules for entering exiting positions.