Trading and Exchanges: Market Microstructure for Practitioners @ richardeward.com

Trading and Exchanges: Market Microstructure for Practitioners
by Larry Harris
from Oxford University Press, USA

Customer Reviews:

• Avg. Customer Rating: 4.5 / 5.0

• About structure of markets, not about behaviour
  The books deals with the structure of markets: How is an order transferred? What types of orders exists? What kind of people place orders? This is all useful knowledge.
  What is not dealt with is the behaviour of the actors in the market: Why is the more orders in the morning? What are the tricks brokers play when they want to buy a large position? This is even more useful knowledge, and unfortunately the book is not dealing with these aspects.
  This is probably because the author is an... more info

• Good Book
  Good Book. Worth a reading by people in finance. Might be too layman like for you if you are already experienced. Good stuff though.

• This is probably the first book anyone even peripherally involved in trading should read
  I'm not a trader. I do occasionally look longingly at high frequency trading positions (stat arb, automated trading; whatever you'd like to call it). This is the book that actually answers all those questions any curious person who has ever made a trade might ask. What happens when you make a trade? What is the mechanics of making a trade? How does liquidity work? What happens if your trade is bigger than the daily volume of the traded equity? How does index arb work? What do flow traders do to make money?... more info

• Good introduction to market microstructure
  My professor is the author of this book, which is extreamely horrible because no student would wish their professor knows every single word in the book. However, this book give a pretty detail introduction to the market structure and all things you need to know about trading. The language in the book are quite easy to understand even thought some terms are very technical. According to my professor, the contents on the side are useful when combining the reading, which will give you a whole picture of what... more info

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