Liquidity, Markets and Trading in Action
An Interdisciplinary Perspective
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4.0 • 2 Ratings
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Publisher Description
This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to trading, liquidity, and market structure. It provides a detailed examination of the impact of trading costs and other impediments of trading that the authors call “frictions”. It also presents an interactive simulation model of equity market trading, TraderEx, that enables students to implement trading decisions in different market scenarios and structures. Addressing these topics shines a bright light on how a real-world financial market operates, and the simulation provides students with an experiential learning opportunity that is informative and fun.
Each of the chapters is designed so that it can be used as a stand-alone module in an existing economics, finance, or information science course. Instructor resources such as discussion questions, Powerpoint slides and TraderEx exercises are available online.
Customer Reviews
Great Information for Finance Learners
Liquidity, Markets and Trading in Action explains the finance market in a tangible way to the reader. The comparison of trading in the real world to trading in the financial world aims to help readers to better understand the abstract finance market in a more tangible way. Moreover, by reading this book, readers can grasp the theoretical world of trade and how it differs in the real world in terms of liquidity and frictions; readers can see the world of finance via its components, its history, and it evolution through new regulations and technological advancements. The simulations tool, which is introduced at the end of the book, could provide learners with hands on experience on trading so to better understand all the concepts in the book before becoming professionals.