A01=Jamal Munshi
American Stock Exchange
ANOVA Table
Author_Jamal Munshi
automated trading impact on price formation
Automation
capital allocation models
Capital Markets
Category=KC
Category=KF
Category=KFF
Category=KFFH
Category=KFFL
Category=KFFM
Category=KJ
Daily Close Prices
Daily Trade Data
Data Analysis
Electronic Limit Order Book
electronic trading systems
Empirical Test
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Excess Volatility
financial market behaviour
IBM Stock
Include Trading Volume
Interday Variability
Intraday Price
Intraday Transaction Data
Intraday Volatility
Its
Jamal Munshi
Lac
Large Market Orders
Limit Order Book
Limit Orders
market microstructure
Microstructure
New York Stock Exchange
Open Limit Order Book
Order Imbalances
price formation
price volatility analysis
Results
Stock Exchange
Stock Exchange Automation
trading mechanism theory
Trading Volume Data
User Information Satisfaction
Volatility Hypothesis
Product details
- ISBN 9781138563759
- Weight: 190g
- Dimensions: 156 x 234mm
- Publication Date: 29 May 2019
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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Originally published in 1994, Stock Exchange Automation addresses the pivotal role played by capital markets in the market economics. Capital markets are an essential component of the free market system. The book argues that the capital markets function as an allocator of investable funds among competing uses. The movement toward automated markets requires that we understand how automation changes market behaviour. The book also examines the concept of market microstructure theory, and the implication that some forms of automation should affect prices. Theories of price formation in the specialist based trading system hypothesise that the trading mechanism induces short term price volatility.
