#93750 in eBooks 2013-11-05 2013-11-05File Name: B00KBQKW6K
5 of 7 people found the following review helpful. Good and up-to-date reference on fragmentation and challenges for institutional investorsBy M. CarreiraThe good:Deals with reality of electronic and fragmented markets: Liquidity estimate from pre-trade transparency is not deterministic.A balanced look at fragmentation (Europe), a careful study of liquidity beyond bid-ask spreads, tick sizes and competition.HFT seen as business model and part of fragmented system, with positive and negative cons"Lehalle and Laruelle bring [their] experience to bear on every aspect of the discussion, as well as deep quantitative understanding. The resulting book is a unique mixture of real market knowledge and theoretical explanation. There is nothing else out there like it, and this book will be a centraMarket Microstructure in Practice comments on the consequences of Reg NMS and MiFID on market microstructure. It covers changes in market design, electronic trading, and investor and trader behaviors. The emergence of high frequency trading and critical events like the ldquo;Flash Crashrdquo; of 2010 are also analyzed in depth. Edited by Charles-Albert Lehalle and Sophie Laruelle, and with contributions from Romain Burgot, Steacute;phanie Pelin and Matthieu Lasnier, this book uses a quantitativ... [PDF.qt50] Market Microstructure in Practice Rating: 3.64 (453 Votes)
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You can specify the type of files you want, for your device.Market Microstructure in Practice | Charles-Albert Lehalle. Which are the reasons I like to read books. Great story by a great author.