Krishnamurti, Chandrasekhar (2009) Introduction to market microstructure. In: Vishwanath, S. R. and Krishnamurti, Chandrasekhar, (eds.) Investment management: a modern guide to security analysis and stock selection. Springer-Verlag, Berlin / Heidelberg, Germany, pp. 13-29. ISBN 978-3-540-88801-7
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Identification Number or DOI: doi: 10.1007/978-3-540-88802-4
[Chapter Introduction and Objectives]: A stock exchange or bourse is a corporation or a mutual organization that provides trading facilities for traders to trade stocks and other securities. The top 12 exchanges have a combined market capitalization running to trillions of dollars. Obviously, investors, corporations, and academics are interested in the design and the functioning of stock markets. In this chapter, we provide an overview of type and design of markets, and price formation and price discovery. This chapter has the following objectives: • Define market microstructure • Discuss market structure and design issues • Highlight how some of the top exchanges like the New York Stock Exchange (NYSE), NASDAQ, Tokyo Stock Exchange, and London Stock Exchange operate.
|Item Type:||Book Chapter (Commonwealth Reporting Category B)|
|Additional Information:||Chapter 2. Author's version not available. Print copy held in USQ Library at call no. 332.6 Inv. Chapter open access on the publisher's website.|
|Uncontrolled Keywords:||investment; market investing|
|Fields of Research (FOR2008):||15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150201 Finance|
|Socio-Economic Objective (SEO2008):||B Ecomonic Development > 90 Commercial Services and Tourism > 9001 Financial Services > 900101 Finance Services|
B Ecomonic Development > 90 Commercial Services and Tourism > 9001 Financial Services > 900102 Investment Services (excl. Superannuation)
|Deposited On:||24 Mar 2010 20:19|
|Last Modified:||20 Feb 2012 14:58|
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