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Trading and Exchanges: Market Microstructure for Practitioners

Online ISBN:
9780197703854
Print ISBN:
9780195144703
Publisher:
Oxford University Press
Book

Trading and Exchanges: Market Microstructure for Practitioners

Published online:
31 October 2023
Published in print:
24 October 2002
Online ISBN:
9780197703854
Print ISBN:
9780195144703
Publisher:
Oxford University Press

Abstract

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.

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