Market Microstructure in Emerging and Developed Markets
Co-Editors: H. Kent Baker and Halil Kiymaz
Contributing Authors: Nazli Sila Alan, Recep Bildik, and Robert A. Schwartz
Nazli Sila Alan, with R. Bildik and R. Schwartz, is a contributing author, "Microstructure of Equity Markets," 17-38.
Book Description: Interest in market microstructure has grown dramatically in recent years due largely in part to the rapid transformation of the financial market environment by technology, regulation, and globalization. Looking at market transactions at the most granular level—and taking into account market structure, price discovery, information flows, transaction costs, and the trading process—market microstructure also forms the basis of high-frequency trading strategies that can help professional investors generate profits and/or execute optimal transactions. Part of the Robert W. Kolb Series in Finance, Market Microstructure skillfully puts this discipline in perspective and examines how the working processes of markets impact transaction costs, prices, quotes, volume, and trading behavior. Along the way, it offers valuable insights on how specific features of the trading process like the existence of intermediaries or the environment in which trading takes place affect the price formation process.
Alan, Nazli Sila, Recep Bildik, and Robert A. Schwartz. “Microstructure of Equity Markets", in H. Kent Baker and Halil Kiymaz ed., Market Microstructure in Emerging and Developed Markets, John Wiley & Sons, Ltd., 2013, pp.17-38. ISBN: 9781118278444
Baker, H. Kent; Kiymaz, Halil; Alan, Nazli Sila; Bildik, Recep; and Schwartz, Robert A., "Market Microstructure in Emerging and Developed Markets" (2013). Business Faculty Book Gallery. 37.