Trading and Exchanges
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Trading and Exchanges : Market Microstructure for Practitioners

4.22 (166 ratings by Goodreads)
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Description

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.show more

Product details

  • Hardback | 656 pages
  • 176 x 256 x 42mm | 1,319.95g
  • Oxford University Press Inc
  • New York, United States
  • English
  • numerous tables and figures
  • 0195144708
  • 9780195144703
  • 230,736

Review quote

[It] is the most comprehensive treatment of market microstructure that I have seen...he does not compromise on breadth or depth...indispensable for anyone who cares about trading * Journal of Investment Management *show more

About Larry Harris

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.show more

Table of contents

PART I: THE STRUCTURE OF TRADING; PART II: THE BENEFITS OF TRADE; PART III: SPECULATORS; PART IV: LIQUIDITY SUPPLIERS; PART V: ORIGINS OF LIQUIDITY AND VOLATILITY; PART VI: EVALUATION AND PREDICTION; PART VII: MARKET STRUCTURESshow more

Rating details

166 ratings
4.22 out of 5 stars
5 48% (80)
4 31% (52)
3 16% (27)
2 4% (6)
1 1% (1)
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