Equity Markets in Action: The Fundamentals of Liquidity, Market Structure & Trading + CD / Edition 1

Hardcover (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $15.83
Usually ships in 1-2 business days
(Save 82%)
Other sellers (Hardcover)
  • All (11) from $15.83   
  • New (5) from $63.22   
  • Used (6) from $15.83   

Overview

Reading all about market structure, trade clearance and settlement,and other foundational elements of today’s markets givesexactly the in-depth knowledge–on electronic trading, the roleof market makers, the impact of economic forces, and otherbehind-the-scenes aspects of market architecture–that isessential if one is to operate successfully in today’s highlydynamic trading environment.

Equity Markets in Action is a comprehensive and thoroughlyup-to-date course on how markets work, what really drives themovements of the market, and the nuances of trading. Written by twoof today’s most globally recognized and respected marketauthorities, this hands-on exploration of the modern tradingenvironment examines:

  • How exchanges function as market centers, and how theirefficiency–or lack thereof–drives a market’s qualityand value
  • Architecture of different markets, with particular focus onU.S. and European market centers
  • Post-trade clearing and settlement, a vital link in the valuechain of a securities market

Because the most valuable market lessons occur in the heat ofthe trading moment, the book’s accompanying CD-ROM providesreal-life trading sessions to help traders hone their knowledge anddecision-making skills. Simulations provide hands-on practice inmaking split-second tactical trading decisions.

Equity Markets in Action is a detailed look at the foundationsof today’s markets, and will provide all traders–whetherprofessional or independent–with new insights and answers intothe dynamics of the marketplace.

Read More Show Less

Editorial Reviews

From the Publisher
"Equity Markets in Action should be required reading for all aspiring traders and equity money managers. The computer simulation model should further enlighten the reader." — Financial Analyst Journal, January/February 2005
Read More Show Less

Product Details

  • ISBN-13: 9780471469223
  • Publisher: Wiley
  • Publication date: 7/23/2004
  • Series: Wiley Trading Series, #207
  • Edition description: Includes CD-Rom
  • Edition number: 1
  • Pages: 480
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.60 (d)

Meet the Author

ROBERT A. SCHWARTZ is Marvin M. Speiser Professor of Finance andUniversity Distinguished Professor in the Zicklin School ofBusiness, Baruch College, CUNY. Prior to his current position, hewas Professor of Finance and Economics and Yamaichi Faculty Fellowat New York University’s Leonard N. Stern School of Business.Professor Schwartz received his PhD in economics from ColumbiaUniversity. He has produced numerous journal articles and elevenbooks, has been an associate editor for several finance journals,and has served as a consultant to various market centers including,the New York Stock Exchange, the American Stock Exchange, NASDAQ,Instinet, and Deutsche Börse. In December 1995, ProfessorSchwartz was named the first chairman of NASDAQ’s EconomicAdvisory Board and served on the EAB until spring 1999.
RETO FRANCIONI is President and Chairman of the Board of SWX, theSwiss Stock Exchange. Prior to assuming his current position in May2002, he was co-CEO of Consors Discount Broker AG, Nuremberg.Earlier in his career, in 1993, Francioni was named to theexecutive board of Deutsche Börse AG, where he was responsiblefor its entire cash market division. In 1999, he became DeputyChief Executive Officer. Francioni has a law degree and PhD in lawfrom Zurich University, and is an adjunct Professor of Economicsand Finance in the Zicklin School of Business, Baruch College,CUNY. He has held management positions in the securities exchange,corporate finance, and banking industry.

Read More Show Less

Table of Contents

Preface.

Chapter 1. Role of an Equity Market.

Chapter 2. From Information to Prices.

Chapter 3. Liquidity.

Chapter 4. What We Want From Our Markets.

Chapter 5. Institutional Order Flow.

Chapter 6. Order Driven Markets.

Chapter 7. Intermediated Markets.

Chapter 8. The Evolving Scene in the US.

Chapter 9. The Evolving Scene in Europe.

Chapter 10. Clearing and Settlement.

Chapter 11. Regulation.

Chapter 12. Simulated Trading.

Appendix A: Prices and Returns.

Appendix B: From Portfolio Decisions to Trading in aFrictionless Environment.

Appendix C: Dimensions of Informational Efficiency.

Appendix D: The Concept of Self-Regulation.

Selected Reading.

Biographies.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)