Trading and Exchanges: Microstructure for Practitioners - Softcover

Larry Harris

Softcover

ISBN 10: 0195685814 ISBN 13: 9780195685817

Publisher: Oxford University Press, 2012

Synopsis

The only comprehensive volume designed to show how markets work. Explains why some traders profit while others fall short of success. 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.

About this title

About the Author

Larry Harris Fred V. Keenan Chair in Finance at Marshall School of Business, University of Southern California

Edition details

• Publisher: Oxford University Press
• Publication date: 2012
• ISBN 10: 0195685814
• ISBN 13: 9780195685817
• Binding: Paperback
• Language: English
• Number of pages: 656