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Product Identifiers
PublisherOxford University Press, Incorporated
ISBN-100195144708
ISBN-139780195144703
eBay Product ID (ePID)2291761
Product Key Features
Book TitleTrading and Exchanges : Market Microstructure for Practitioners
Number of Pages656 Pages
LanguageEnglish
TopicMarketing / General, Finance / General, Commerce, Economics / General
Publication Year2002
IllustratorYes
GenreBusiness & Economics
AuthorLarry Harris
Book SeriesFinancial Management Association Survey and Synthesis Ser.
FormatHardcover
Dimensions
Item Height1.6 in
Item Weight45.9 Oz
Item Length7 in
Item Width10 in
Additional Product Features
Intended AudienceTrade
LCCN2002-004622
Dewey Edition21
ReviewsThe people who trade securities and contracts, the marketplaces where they trade, the rules that govern trading, and differences between investing, speculating, and gambling are all addressed in this volume.--Business Horizons|9780195144703|, ". . .Trading and Exchangesis about as comprehensive a book about the markets and trading as you are going to find. . .[T]his book is . . .organized so that you can flip to any topic and be certain of in depth coverage and accessible explanations supported by graphs and tables. Harris touches on just about every aspect of market economics, structure and regulation, from the players. . .to the game. This book is an objective, and more important, practical survey of an area of financial economics that has become increasingly, and needlessly, complex. . . Harris keeps us on the straight and narrow. We are unable to drift into that disingenuous and murky world of trading advice based on personal success, or failure in the markets. . .Whether you are a novice or veteran investor, trader, dealer or broker, Trading and Exchanges cracks the code on practically every facet of market microstructures. It is a trading bible."--TurtleTrader.com "Larry Harris is arguably the foremost expert on market microstructure. ... With his illustrious background you might suspect he knows of what he speaks. After you read this book, you will be convinced of it.Trading and Exchangesis the most comprehensive treatment of market microstructure I have seen. ... Harris offers something for everyone with an interest in trading. ... [He] presents his subject matter, which could be so daunting to many of us, in a surprisingly accessible and entertaining style. Despite this engaging style, he does not compromise on breadth or depth. ...Trading andExchangesis indispensable for anyone who cares about trading. What's more, it is entertaining."--Journal of Investment Management, The people who trade securities and contracts, the marketplaces wherethey trade, the rules that govern trading, and differences between investing,speculating, and gambling are all addressed in this volume.--BusinessHorizons|9780195144703|, "Knowledge and information about the stock market are vital tools for investors as they shape their strategies and portfolios. Professor Harris's truly unique, unassailably practical, and plain English presentation offers investors, newcomers and veterans alike, valuable and easy to understand insights that heighten individual confidence and the opportunity for success. A smarter, more informed investor is a more discriminating and successful investor."--Dick Grasso, former Chairman and CEO, New York Stock Exchange "The inner (and outer) workings of the trading mechanism is a highly complex subject with often unappreciated relevance for anyone who has virtually any involvement in the financial markets. Writing with a clarity and a pace that Hemingway would have applauded, Larry Harris shines a bright light on both the latest theory and current practices, and he then probes deeply and thoughtfully into their implications for market participants."--Martin L. Leibowitz, Ph.D., Managing Director of Morgan Stanley and former Vice Chairman and Chief Investment Officer, TIAA-CREF "Professor Harris has written an extraordinary book detailing the complex workings of modern equity markets. This book provides a wealth of institutional detail, and an integrated framework for understanding how markets actually work. It will surely be a standard reference book for all who work in or study the markets for many years to come."--Maureen O'Hara, Acting Director in Graduate Studies at the Samuel Curtis Johnson Graduate School of Management at Cornell University "Larry Harris is arguably the foremost expert on market microstructure. ... With his illustrious background you might suspect he knows of what he speaks. After you read this book, you will be convinced of it.Trading and Exchangesis the most comprehensive treatment of market microstructure I have seen. ... Harris offers something for everyone with an interest in trading. ... [He] presents his subject matter, which could be so daunting to many of us, in a surprisingly accessible and entertaining style. Despite this engaging style, he does not compromise on breadth or depth. ...Trading andExchangesis indispensable for anyone who cares about trading. What's more, it is entertaining."--Journal of Investment Management "The people who trade securities and contracts, the marketplaces where they trade, the rules that govern trading, and differences between investing, speculating, and gambling are all addressed in this volume.--Business Horizons ". . .Trading and Exchangesis about as comprehensive a book about the markets and trading as you are going to find. . .[T]his book is . . .organized so that you can flip to any topic and be certain of in depth coverage and accessible explanations supported by graphs and tables. Harris touches on just about every aspect of market economics, structure and regulation, from the players. . .to the game. This book is an objective, and more important, practical survey of an area of financial economics that has become increasingly, and needlessly, complex. . . Harris keeps us on the straight and narrow. We are unable to drift into that disingenuous and murky world of trading advice based on personal success, or failure in the markets. . .Whether you are a novice or veteran investor, trader, dealer or broker, Trading and Exchanges cracks the code on practically every facet of market microstructures. It is a trading bible."--TurtleTrader.com, "Larry Harris is arguably the foremost expert on market microstructure. ... With his illustrious background you might suspect he knows of what he speaks. After you read this book, you will be convinced of it. Trading and Exchanges is the most comprehensive treatment of market microstructureI have seen. ... Harris offers something for everyone with an interest in trading. ... [He] presents his subject matter, which could be so daunting to many of us, in a surprisingly accessible and entertaining style. Despite this engaging style, he does not compromise on breadth or depth. ...Trading and Exchanges is indispensable for anyone who cares about trading. What's more, it is entertaining."--Journal of Investment Management, [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, "Professor Larry Harris's Trading and Exchanges is about as comprehensivea book about the markets and trading as you are going to find ... [T]his book is... organized so that you can flip to any topic and be certain of in depthcoverage and accessible explanations supported by graphs and tables. Harristouches on just about every aspect of market economics, structure andregulation, from the players ... to the game. This book is an objective, andmore important, practical survey of an area of financial economics that hasbecome increasingly, and needlessly, complex ... Harris keeps us on the straightand narrow. We are unable to drift into that disingenuous and murky world oftrading advice based on personal success, or failure in the markets ... Whetheryou are a novice or veteran investor, trader, dealer or broker, Trading andExchanges cracks the code on practically every facet of market microstructures.It is a trading bible."--TurtleTrader.com, "Professor Larry Harris's Trading and Exchanges is about as comprehensive a book about the markets and trading as you are going to find ... [T]his book is ... organized so that you can flip to any topic and be certain of in depth coverage and accessible explanations supported by graphs andtables. Harris touches on just about every aspect of market economics, structure and regulation, from the players ... to the game. This book is an objective, and more important, practical survey of an area of financial economics that has become increasingly, and needlessly, complex ... Harris keepsus on the straight and narrow. We are unable to drift into that disingenuous and murky world of trading advice based on personal success, or failure in the markets ... Whether you are a novice or veteran investor, trader, dealer or broker, Trading and Exchanges cracks the code on practically everyfacet of market microstructures. It is a trading bible."--TurtleTrader.com, "Knowledge and information about the stock market are vital tools for investors as they shape their strategies and portfolios. Professor Harris's truly unique, unassailably practical, and plain English presentation offers investors, newcomers and veterans alike, valuable and easy to understand insights that heighten individual confidence and the opportunity for success. A smarter, more informed investor is a more discriminating and successful investor."--Dick Grasso, former Chairman and CEO, New York Stock Exchange"The inner (and outer) workings of the trading mechanism is a highly complex subject with often unappreciated relevance for anyone who has virtually any involvement in the financial markets. Writing with a clarity and a pace that Hemingway would have applauded, Larry Harris shines a bright light on both the latest theory and current practices, and he then probes deeply and thoughtfully into their implications for market participants."--Martin L. Leibowitz, Ph.D., Managing Director of Morgan Stanley and former Vice Chairman and Chief Investment Officer, TIAA-CREF"Professor Harris has written an extraordinary book detailing the complex workings of modern equity markets. This book provides a wealth of institutional detail, and an integrated framework for understanding how markets actually work. It will surely be a standard reference book for all who work in or study the markets for many years to come."--Maureen O'Hara, Acting Director in Graduate Studies at the Samuel Curtis Johnson Graduate School of Management at Cornell University"Larry Harris is arguably the foremost expert on market microstructure. ... With his illustrious background you might suspect he knows of what he speaks. After you read this book, you will be convinced of it. Trading and Exchanges is the most comprehensive treatment of market microstructure I have seen. ... Harris offers something for everyone with an interest in trading. ... [He] presents his subject matter, which could be so daunting to many of us, in a surprisingly accessible and entertaining style. Despite this engaging style, he does not compromise on breadth or depth. ... Trading and Exchanges is indispensable for anyone who cares about trading. What's more, it is entertaining."--Journal of Investment Management"The people who trade securities and contracts, the marketplaces where they trade, the rules that govern trading, and differences between investing, speculating, and gambling are all addressed in this volume.--Business Horizons". . .Trading and Exchanges is about as comprehensive a book about the markets and trading as you are going to find. . .[T]his book is . . .organized so that you can flip to any topic and be certain of in depth coverage and accessible explanations supported by graphs and tables. Harris touches on just about every aspect of market economics, structure and regulation, from the players. . .to the game. This book is an objective, and more important, practical survey of an area of financial economics that has become increasingly, and needlessly, complex. . . Harris keeps us on the straight and narrow. We are unable to drift into that disingenuous and murky world of trading advice based on personal success, or failure in the markets. . .Whether you are a novice or veteran investor, trader, dealer or broker, Trading and Exchanges cracks the code on practically every facet of market microstructures. It is a trading bible."--TurtleTrader.com, ". . .Trading and Exchanges is about as comprehensive a book about the markets and trading as you are going to find. . .[T]his book is . . .organized so that you can flip to any topic and be certain of in depth coverage and accessible explanations supported by graphs and tables. Harris touches on just about every aspect of market economics, structure and regulation, from the players. . .to the game. This book is an objective, and more important, practical survey of an area of financial economics that has become increasingly, and needlessly, complex. . . Harris keeps us on the straight and narrow. We are unable to drift into that disingenuous and murky world of trading advice based on personal success, or failure in the markets. . .Whether you are a novice or veteran investor, trader, dealer or broker, Trading and Exchanges cracks the code on practically every facet of market microstructures. It is a trading bible."--TurtleTrader.com "Larry Harris is arguably the foremost expert on market microstructure. ... With his illustrious background you might suspect he knows of what he speaks. After you read this book, you will be convinced of it. Trading and Exchanges is the most comprehensive treatment of market microstructure I have seen. ... Harris offers something for everyone with an interest in trading. ... [He] presents his subject matter, which could be so daunting to many of us, in a surprisingly accessible and entertaining style. Despite this engaging style, he does not compromise on breadth or depth. ... Trading and Exchanges is indispensable for anyone who cares about trading. What's more, it is entertaining."--Journal of Investment Management, "Knowledge and information about the stock market are vital tools for investors as they shape their strategies and portfolios. Professor Harris's truly unique, unassailably practical, and plain English presentation offers investors, newcomers and veterans alike, valuable and easy to understand insights that heighten individual confidence and the opportunity for success. A smarter, more informed investor is a more discriminating and successful investor."--Dick Grasso, former Chairman and CEO, New York Stock Exchange "The inner (and outer) workings of the trading mechanism is a highly complex subject with often unappreciated relevance for anyone who has virtually any involvement in the financial markets. Writing with a clarity and a pace that Hemingway would have applauded, Larry Harris shines a bright light on both the latest theory and current practices, and he then probes deeply and thoughtfully into their implications for market participants."--Martin L. Leibowitz, Ph.D., Managing Director of Morgan Stanley and former Vice Chairman and Chief Investment Officer, TIAA-CREF "Professor Harris has written an extraordinary book detailing the complex workings of modern equity markets. This book provides a wealth of institutional detail, and an integrated framework for understanding how markets actually work. It will surely be a standard reference book for all who work in or study the markets for many years to come."--Maureen O'Hara, Acting Director in Graduate Studies at the Samuel Curtis Johnson Graduate School of Management at Cornell University "Larry Harris is arguably the foremost expert on market microstructure. ... With his illustrious background you might suspect he knows of what he speaks. After you read this book, you will be convinced of it. Trading and Exchanges is the most comprehensive treatment of market microstructure I have seen. ... Harris offers something for everyone with an interest in trading. ... [He] presents his subject matter, which could be so daunting to many of us, in a surprisingly accessible and entertaining style. Despite this engaging style, he does not compromise on breadth or depth. ... Trading and Exchanges is indispensable for anyone who cares about trading. What's more, it is entertaining."--Journal of Investment Management "The people who trade securities and contracts, the marketplaces where they trade, the rules that govern trading, and differences between investing, speculating, and gambling are all addressed in this volume.--Business Horizons ". . .Trading and Exchanges is about as comprehensive a book about the markets and trading as you are going to find. . .[T]his book is . . .organized so that you can flip to any topic and be certain of in depth coverage and accessible explanations supported by graphs and tables. Harris touches on just about every aspect of market economics, structure and regulation, from the players. . .to the game. This book is an objective, and more important, practical survey of an area of financial economics that has become increasingly, and needlessly, complex. . . Harris keeps us on the straight and narrow. We are unable to drift into that disingenuous and murky world of trading advice based on personal success, or failure in the markets. . .Whether you are a novice or veteran investor, trader, dealer or broker, Trading and Exchanges cracks the code on practically every facet of market microstructures. It is a trading bible."--TurtleTrader.com
Dewey Decimal332.64
Table Of Content1. Introduction2. Trading StoriesPart I: The Structure of Trading3. The Trading Industry4. Orders and Order Properties5. Market Structures6. Order-Driven Market Mechanisms7. BrokersPart II: The Benefits of Trade8. Why People Trade9. Good MarketsPart III: Speculators10. Informed Traders and Market Efficiency11. Order Anticipators12. Bluffing and Price ManipulationPart IV: Liquidity Suppliers13. Dealers14. Bid/Ask Spreads15. Block Trading16. Value-Motivated Trainers17. Arbitrage18. Buy-side Trading StrategiesPart V: Origins of Liquidity and Volatility19. Understanding Liquidity20. Understanding VolatilityPart VI: Evaluation and Prediction21. Measuring Liquidity and Transaction Costs22. Performance Evaluation and PredictionPart VII: Market Structures23. Index and Portfolio Markets24. Specialists25. Internalization, Preferencing, and Crossing26. Competition within and among Markets27. Floor versus Automated Trading Systems28. Bubbles, Crashes, and Circuit Breakers29. Insider Trading30. Summary of Market Microstructure
SynopsisThis 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.
LC Classification NumberHF5470.H37 2002
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- 18. Aug. 2023
Understand where it is coming from then make own decision.
Very detail and formal.Bestätigter Kauf: JaArtikelzustand: Gebraucht
