Quote from: qxzn on August 18, 2013, 06:07:42 PM

Quote from: prophetx on August 18, 2013, 06:06:07 PM

Quote from: hammurabi on August 18, 2013, 06:01:28 PM

Quote from: qxzn on August 18, 2013, 05:53:51 PM

That leaves a solid 6 percent profit on the table. If anyone who has a Japanese bank account would like to team up to make this happen, let me know. I have bots which can do the trades efficiently and high volume mtgox and bitstamp accounts (= lowest fee tiers). I also have access to enough capital to make it worth while. Only thing I don't have is a Japanese bank account in the hands of someone I trust. Or do it yourself, I will applaud you and help in any way I can. I agree with joesmoe2012, this needs to be done for the good of the whole system.

That person will become a money transmitter immediately and after successful transfer of some couple of millions out of nowhere I bet he will have some serious paper work to attend to.

not exactly, it depends.

the company needs to be set up in a way where the owner(s) of the company capitalize the company with the funds used for trading, and the profits are distributed as a dividend to shareholder. when there is no more funds, the company is dissolved and the trading funds are sent back to investors.

Re: money transmitter: no.

Re: doing it all cleanly as prophetx describes, yes.

set up google docs excel sheet that looks at market depth of bistamp, btce and mtgox, and finds the equilibrium point this equals your profit opportunity, minus fees

assuming you want to proceed this is no diff then setting up an investment fund...

set up LLC in Cali, (b/c u can use VC LP boilerplate) take in limited partners who are accredited investors... let's call it Bitcoin Arbitrage Partners, LLC... (BAP)... set up governance and contractual agreements when the fund is liquidated, how LPs are paid out, etc. Investment should be 50% cash 50% btc (well at least 25% btc so you dont need to wait on network transfer)

set up a company (BAP JP) in JP that is owned by BAP, set up corp bank account for BAP JP

set up another company in the eurozone (BAP Euro) for btce

Now transfer money to Bitstamp, fund BAP Euro, and then transfer money to BTCE.

transfer btc to mtgox

start buying on bitstamp and btce, while selling on gox (since you have btc on goc u dont need to wait for network transfer)... i'm sure there are people on here that have the trading and coding exp who can run the trading op's...