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Market Microstructure in Emerging and Developed Markets

Title

Market Microstructure in Emerging and Developed Markets

Role

Co-Editors: H. Kent Baker and Halil Kiymaz

Contributing Authors: Nazli Sila Alan, Recep Bildik, and Robert A. Schwartz

Files

Document Type

Book Contribution

Description/Summary

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.

ISBN

9781118278444

Publication Date

2013

Publication Information

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

Comments

Copyright 2013 Wiley