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 on valuation and hedging techniques, particularly with respect to fixed income and derivatives markets, accompany updated regulatory information. Combining theory and application, this book provides a practical beginner's introduction to today's investment tools and markets. Provides a logical progression from normative theory to concise mathematical applications Offers coverage of European examples, welfare economics and tax law updates Includes improved pedagogical supplements, including end-of-chapter questions and answers INDICE: 1. Introduction to Securities Trading and Markets 2. Financial Markets, Trading Processes, and Instruments 3. Institutional Trading 4. Regulation of Trading and Securities Markets 5. Adverse Selection, Trading, and Spreads 6. Random Walks, Risk and Arbitrage 7. Arbitrage and Hedging with Fixed Income Instruments and Currencies 8. Arbitrage and Hedging with Options 9. Evaluating Trading Strategies and Performance 10. The Mind of the Investor 11. Market Efficiency 12. Trading Gone Awry
- ISBN: 978-0-323-90955-6
- Editorial: Academic Press
- Encuadernacion: Rústica
- Fecha Publicación: 01/09/2022
- Nº Volúmenes: 1
- Idioma: Inglés