EBOOK Trading and Exchanges:Market Microstructure for Practitioners

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.