Financial Trading and Investing (2nd Ed.)

Author:

Language: English
Cover of the book Financial Trading and Investing

Subjects for Financial Trading and Investing

Keywords

Adverse selection; Algorithmic trading; Alternative Trading System; Anchoring; Arbitrage; Arrow-Pratt risk aversion coefficient; Auctions; Average residual; Banging the close; Bargaining; Behavioral finance; Benchmarking; Best execution; Bid; Binomial model; Black-Scholes model; Blue skies laws; Bluffing; Brownian motion; CFTC; Clearing; Collar; Common value auction; Consensus opinion; Convexity; Crossing networks; Currency; Dark pools; Day trading; Dealer; Dealer market; Delta; Depth; Derivatives; Dodd-Frank; Double auction; Duration; ECN; ETF; Event studies; Exact matching; Exchange; Exchange exposure; Extreme value risk estimator; FX and Black-Scholes model; Fat fingers; Financial crisis of 2008; Fishing; Flash trading; Forward rate; Framing; Front running; Gamma; Greeks; Hedge fund; Hedge ratio; Hedging; Herding; High frequency trading; Hot potatoes; Hyperbolic discounting; Immediacy; Immunization; Implementation risk; Implementation shortfall; Implied volatility; Information cascade; Insider trading; Interest rate parity; Internalization; Investment companies; January effect; Jensen's alpha; Late trading; Latency arbitrage; Liquidity; Market efficiency; Market impact; Market manipulation; Market microstructure; Market timing; Markets; Martingale; Mean reversion; Momentum; Monte Hall judgment error; Myopia; NAV; Neurofinance; Noise traders; Offer; Open outcry; Options; Orders; Over the counter markets; Pairs trading; Payment for order flow; Penny-jumping; Ponzi schemes; Portfolio performance

Financial Trading and Investing
Publication date:
522 p. · 19x23.3 cm · Paperback
Replaced by new edition: Access to the new edition.

Trading in securities markets (paperback)
Publication date:
456 p. · 19x23.3 cm · Hardback
Out of Print

A former member of the American Stock Exchange introduces trading and financial markets to upper-division undergraduates and graduate students who are planning to work in the finance industry. Unlike standard investment texts that cover trading as one of many subjects, Financial Trading and Investing gives primary attention to trading, trading institutions, markets, and the institutions that facilitate and regulate trading activities?what economists call "market microstructure." The text will be accompanied by a website that can be used in conjunction with TraderEx, Markit, StocklinkU, Virtual Trade, Vecon Lab Experiment, Tradingsim, IB Student Trading Lab, Brenexa, Stock Trak and How the Market Works.

    Chapter 1 - Introduction to Securities Trading and Markets Chapter 2 - Financial Markets, Trading Processes, and InstrumentsChapter 3 - Institutional TradingChapter 4 - Regulation of Trading and Securities MarketsChapter 5 - Adverse Selection, Trading, and SpreadsChapter 6 - Random Walks, Risk and ArbitrageChapter 7 - Arbitrage and Hedging with Fixed Income Instruments and CurrenciesChapter 8 - Arbitrage and Hedging with OptionsChapter 9 - Evaluating Trading Strategies and PerformanceChapter 10 - The Mind of the InvestorChapter 11 - Market EfficiencyChapter 12 - Trading Gone AwryMathematics AppendixGlossaryEnd-of-Chapter Exercise SolutionsIndex

Economics and finance upper-division undergraduates, graduate students, and professionals worldwide working in finance, financial engineering, quantitative finance, and risk management.

John Teall is a visiting professor at LUISS Business School in Rome, Italy. He is a former member of the American Stock Exchange and has served as a consultant to Deutsche Bank, Goldman Sachs, and other financial institutions.
  • Introduces the financial markets and the quantitative tools used in them so students learn how the markets operate and gain experience with their principal tools
  • Helps students develop their skills with the most popular trading simulation programs so they can reuse the book to solve day-to-day problems
  • Stretches from investor behavior to hedging strategies and noise trading, capturing recent advances in an up-to-date reference source