Original PDF Ebook – Financial Trading and Investing3rd Edition – 9780323909556
Financial Trading and Investing, Third Edition provides a useful introduction to trading and market microstructure for advanced undergraduate as well as master’s students. Without demanding a background in econometrics, the book explores alternative markets and highlights recent regulatory developments, implementations, institutions and debates. The text offers explanations of controversial trading tactics (and blunders) such as high-frequency trading, dark liquidity pools, fat fingers, insider trading and flash orders, emphasizing links between the history of financial regulation and events in financial markets. It includes coverage of valuation and hedging techniques, particularly with respect to fixed income and derivative securities. The text adds a chapter on financial utilities and institutions that provide support services to traders and updates regulatory matters._x000D_Combining theory and application, this book provides a practical beginner’s introduction to today’s investment tools and markets with a special emphasis on trading._x000D_
Concentrates on trading, trading institutions, markets and the institutions that facilitate and regulate trading activities_x000D_
Introduces foundational topics relating to trading and securities markets, including auctions, market microstructure, the roles of information and inventories, behavioral finance, market efficiency, risk, arbitrage, trading technology, trading regulation and ECNs_x000D_
Covers market and technology advances and innovations, such as execution algo trading, Designated Market Makers (DMMs), Supplemental Liquidity Providers (SLPs), and the Super Display Book system (SDBK)_x000D_
Includes improved pedagogical supplements, including end-of-chapter questions with detailed solutions at the end of the text, and useful appendices_x000D_
Student resources available online: https://www.elsevier.com/books-and-journals/book-companion/9780323909556_x000D_
Instructor resources available for request by qualified professors: https://educate.elsevier.com/9780323909556
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