Arbitraging involves the process of a person taking advantage of a difference in market prices to broker an immediate deal between a buyer and seller. Webster defines arbitraging as the purchase of securities on one market for immediate resale on another market in order to profit from a price discrepancy.
The almost-simultaneous purchase and sale of a commodity or stock means that the arbitrager holds title a minimum amount of time. The arbitrager takes advantage of asymmetrical information to serve as an honest broker to complete a transaction.
My thesis is that a skilled mediator is a kin folk of a skilled arbitrager. Arbitrators conduct symmetrical processes based upon the same information being known to everyone and conveyed in a transparent manner.
Mediators do not, and should not be confused with adjudicators.
