Introduction to market microstructure

Krishnamurti, Chandrasekhar (2009) Introduction to market microstructure. In: 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

Abstract

[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.


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Item Type: Book Chapter (Commonwealth Reporting Category B)
Refereed: No
Item Status: Live Archive
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.
Depositing User: Professor Chandrasekhar Krishnamurti
Faculty / Department / School: Historic - Faculty of Business - School of Accounting, Economics and Finance
Date Deposited: 24 Mar 2010 10:19
Last Modified: 02 Jul 2013 23:37
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 Economic Development > 90 Commercial Services and Tourism > 9001 Financial Services > 900101 Finance Services
B Economic Development > 90 Commercial Services and Tourism > 9001 Financial Services > 900102 Investment Services (excl. Superannuation)
Identification Number or DOI: doi: 10.1007/978-3-540-88802-4
URI: http://eprints.usq.edu.au/id/eprint/6713

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