John L. Teall

Financial Trading and Investing (eBook, ePUB)

• Format: ePub

Produktbeschreibung

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.

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.

• Concentrates on trading, trading institutions, markets and the institutions that facilitate and regulate trading activities
• 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
• 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)
• Includes improved pedagogical supplements, including end-of-chapter questions with detailed solutions at the end of the text, and useful appendices
• Student resources available online: https://www.elsevier.com/books-and-journals/book-companion/9780323909556
• Instructor resources available for request by qualified professors: https://educate.elsevier.com/9780323909556

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Produktdetails

• Verlag: Elsevier Science & Techn.
• Seitenzahl: 576
• Erscheinungstermin: 9. Juli 2022
• Englisch
• ISBN-13: 9780323984454
• Artikelnr.: 64300565

Autorenporträt

John Teall is a visiting professor at LUISS Business School in Rome, Italy. He is a former member of the American Stock Exchange and has served as a consultant to Deutsche Bank, Goldman Sachs, and other financial institutions.

Inhaltsangabe

1. Introduction to Securities Trading and Markets 2. Securities Markets 3.
Financial Market Utilities and Securities Trading Support 4. Institutional
Trading 5. Regulation of Trading and Securities Markets 6. Adverse
Selection, Trading, and Liquidity 7. Random Walks, Risk and Arbitrage 8.
Arbitrage and Hedging with Fixed Income Instruments and Currencies 9.
Arbitrage and Hedging with Options 10. Evaluating Trading Strategies and
Performance 11. The Mind of the Investor 12. Market Efficiency 13. Trading
Gone Awry