1.

Record Nr.

UNINA9910817899503321

Autore

Schwartz Robert A (Robert Alan), <1937->

Titolo

Equity markets in action : the fundamentals of liquidity, market structure & trading / / Robert A. Schwartz, Reto Francioni

Pubbl/distr/stampa

Hoboken, N.J., : J. Wiley & Sons, c2004

ISBN

1-280-26523-X

9786610265237

0-471-68988-2

Edizione

[1st ed.]

Descrizione fisica

1 online resource (482 p.)

Collana

Wiley trading

Altri autori (Persone)

FrancioniReto

Disciplina

332.64

Soggetti

Stock exchanges

Securities

Program trading (Securities)

Liquidity (Economics)

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Series statement from dust jacket.

Nota di bibliografia

Includes bibliographical references (p. 434-448) and index.

Nota di contenuto

Equity Markets in Action; Contents; Preface; CHAPTER 1 The Role of an Equity Market; CHAPTER 2 From Information to Prices; CHAPTER 3 Liquidity; CHAPTER 4 What We Want from Our Markets; CHAPTER 5 Institutional Order Flow; CHAPTER 6 Order-Driven Markets; CHAPTER 7 Intermediated Markets; CHAPTER 8 The Evolving Scene in the United States; CHAPTER 9 The Evolving Scene in Europe; CHAPTER 10 Clearing and Settlement; CHAPTER 11 Regulation; CHAPTER 12 Simulated Trading; APPENDIX A Prices and Returns; APPENDIX B From Portfolio Decisions to Trading in a Frictionless Environment

APPENDIX C Dimensions of Informational EfficiencyAPPENDIX D The Concept of Self-Regulation; Selected Readings; About the Authors; About the CD-ROM; Index

Sommario/riassunto

An in-depth look at the nature of market making and exchangesFrom theory to practicalities, this is a comprehensive, up-to-date handbook and reference on how markets work and the nuances of trading. It includes a CD with an interactive trading simulation.Robert A. Schwartz, PhD (New York, NY), is Marvin M. Speiser Professor of Finance and University Distinguished Professor in the Zicklin School of Business,



Baruch College, CUNY. Reto Francioni, PhD (Zurich, Switzerland), is President and Chairman of the Board of SWX, the Swiss Stock Exchange, and former co-CEO of Consors Discount Broke