Usually means: Exploiting price differences across indexes.
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We found 8 dictionaries that define the word index arbitrage:

General (2 matching dictionaries)
  1. index arbitrage: Dictionary.com
  2. Index arbitrage: Wikipedia, the Free Encyclopedia

Business (6 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. Index arbitrage: Bloomberg Financial Glossary
  4. Index Arbitrage: Investopedia
  5. Index Arbitrage, Index arbitrage: Financial dictionary

Definitions from Wikipedia (Index arbitrage)

noun:  a subset of statistical arbitrage focusing on index components.


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