Trading and Exchanges Market Microstructure for Practitioners (Financial Management Association Survey and Synthesis)

✍ Scribed by Larry Harris

• Publisher: OUP Oxford
• Year: 2002
• Tongue: English
• Leaves: 656
• Category: Library

✦ Synopsis

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.

✦ Table of Contents

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 Markets
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 Bluffers and Market Manipulation
Part IV: Liquidity Suppliers
13 Dealers
14 Bid/Ask Spreads
15 Block Traders
16 Value Traders
17 Arbitrageurs
18 Buy-Side Traders
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
Bibliography
Index
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z