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Market microstructure in practice 2nd edition

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Fragmentation, the search for liquidity, and high-frequency traders:
These are the realities of modern markets. Traditional models of
market microstructure have studied the highly simplified interaction
between an idealized market-maker or specialist and a stream of
external orders that may come from noise traders or informed
traders. In the modern marketplace, the market itself is replaced
by a loosely coupled network of visible and hidden venues, linked
together by high-frequency traders and by algorithmic strategies.
The distinction between market-makers who post liquidity and
directional traders who take liquidity no longer exists. All traders are
searching forliquidity, whichmay be flickering acrossmany different
locations with varying latencies, fill probabilities, and costs. That is
the world this book addresses, treating these issues as central and
fundamental rather than unwelcome complexities on top of a simple
framework.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

332 CHA m

Penerbit

Singapore : World Scientific., 2018

Deskripsi Fisik

367 hlm

Bahasa

English

ISBN/ISSN

9789813231122

Klasifikasi

332

Tipe Isi

text

Tipe Media

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Tipe Pembawa

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Edisi

Ed. 2

Subjek

Umum
ebook

Info Detail Spesifik

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Pernyataan Tanggungjawab

Charles Albert Lehalle

Versi lain/terkait

Lampiran Berkas

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