Trading and Exchanges: Market Microstructure for Practitioners

Front Cover
Oxford University Press, 2003 - Business & Economics - 643 pages
13 Reviews
This book is about trading, the people who trade securities and contracts, the marketplaces where they trade, and the rules that govern it. Readers will learn about investors, brokers, dealers, arbitrageurs, retail traders, day traders, rogue traders, and gamblers; exchanges, boards of trade, dealer networks, ECNs (electronic communications networks), crossing markets, and pink sheets. Also covered in this text are single price auctions, open outcry auctions, and brokered markets limit orders, market orders, and stop orders. Finally, the author covers the areas of program trades, block trades, and short trades, price priority, time precedence, public order precedence, and display precedence, insider trading, scalping, and bluffing, and investing, speculating, and gambling.
  

What people are saying - Write a review

User ratings

5 stars
8
4 stars
3
3 stars
2
2 stars
0
1 star
0

Review: Trading and Exchanges: Market Microstructure for Practitioners

User Review  - Jiasun Li - Goodreads

A must-read for any serious investor. Read full review

Review: Trading and Exchanges: Market Microstructure for Practitioners

User Review  - Max - Goodreads

Clearly written and comprehensive. A bit dated in its description of some particulars of the markets but fundamentally sound. Read full review

Contents

I
3
II
11
III
31
IV
32
VI
68
VII
89
IX
112
X
139
XXVII
380
XXVIII
393
XXIX
394
XXX
410
XXXI
419
XXXII
420
XXXIII
442
XXXIV
483

XII
176
XIII
202
XIV
222
XV
245
XVII
259
XIX
277
XX
278
XXI
297
XXIII
322
XXIV
338
XXV
347
XXXV
484
XXXVI
494
XXXVII
514
XXXVIII
524
XXXIX
543
XL
555
XLI
584
XLII
601
XLIII
619
Copyright

Common terms and phrases

Popular passages

Page 609 - O'Hara. 1999. Market transparency: Who wins and who loses?
Page 614 - Price formation and equilibrium liquidity in fragmented and centralized markets.

References to this book

All Book Search results »

About the author (2003)


Larry Harris holds the Fred V. Keenan Chair in Finance at the University of Southern California Marshall School of Business. In July 2002, Professor Harris was appointed Chief Economist of the U.S. Securities and Exchange Commission, where he served until June 2004.

Bibliographic information