Trading and Exchanges: Market Microstructure for Practitioners / Edition 1

Trading and Exchanges: Market Microstructure for Practitioners / Edition 1

4.0 2
by Larry Harris
     
 

ISBN-10: 0195144708

ISBN-13: 9780195144703

Pub. Date: 10/24/2002

Publisher: Oxford University Press

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

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Overview

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.

Product Details

ISBN-13:
9780195144703
Publisher:
Oxford University Press
Publication date:
10/24/2002
Series:
Financial Management Association Survey and Synthesis Series
Edition description:
New Edition
Pages:
656
Sales rank:
412,876
Product dimensions:
10.00(w) x 7.00(h) x 1.60(d)

Table of Contents

1. Introduction
2. Trading Stories
Part I: The Structure of Trading
3. The Trading Industry
4. Orders and Order Properties
5. Market Structures
6. Order-Driven Market Mechanisms
7. Brokers
Part II: The Benefits of Trade
8. Why People Trade
9. Good Markets
Part III: Speculators
10. Informed Traders and Market Efficiency
11. Order Anticipators
12. Bluffing and Price Manipulation
Part IV: Liquidity Suppliers
13. Dealers
14. Bid/Ask Spreads
15. Block Trading
16. Value-Motivated Trainers
17. Arbitrageurs
18. Buy-side Trading Strategies
Part V: Origins of Liquidity and Volatility
19. Liquidity
20. Volatility
Part VI: Evaluation and Prediction
21. Liquidity and Transaction Cost Measurement
22. Performance Evaluation and Prediction
Part VII: Market Structures
23. Index and Portfolio Markets
24. Specialists
25. Internalization, Preferencing, and Crossing
26. Competition Within and Among Markets
27. Floor Versus Automated Trading Systems
28. Bubbles, Crashes, and Circuit Breakers
29. Insider Trading

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Trading and Exchanges: Market Microstructure for Practitioners 4 out of 5 based on 0 ratings. 2 reviews.
Anonymous More than 1 year ago
Guest More than 1 year ago
This book is essential for anyone thinking about a career in finance or anyone that is simply interested in investing. Larry Harris writes in terms that are easy enough for anyone to understand, but yet in debt enough for trading professionals.