Financial Trading and Investing

John Teall
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John Teall: Rensselaer Polytechnic Institute, Troy, NY, USA

in Elsevier Monographs from Elsevier, currently edited by Candice Janco

Abstract: 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 . 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

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; C.F.T.C; 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; Fat fingers; Financial Crisis of 2008; Fishing; Flash trading; Forward rate; Framing; Front running; FX; 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; Prediction markets; Price improvement; Principles-based regulation; Prospect theory; Purchase power parity; Pure Expectations theory; Put-call parity; Quote; Quote matching; quote stuffing; Random walk; Risk; Rogue trading; Rules-based regulation; S.E.C.; Securities; Securities Act of 1933; Securities Exchange Act of 1934; Semi-strong form efficiency; Sharpe ratio; SIPC; Slicing; Slippage; Sponsored access; Spoofing; Spot rate; Spread; Spreads; St. Petersburg Paradox; Stat-arb; Stealth trading; Stochastic process; Strangle; Strong form efficiency; Stub value; Tailgating; Technical analysis; Term structure; Theta; Time-weighted average return; Traders; Trading; Transparency; Treasuries; Treynor index; Triangular arbitrage; Value at Risk; Vega; VWAP; Weak form efficiency; Weiner process; Zero coupon (search for similar items in EconPapers)
Date: 2012 Originally published 2012-08-20.
Edition: 1
ISBN: 978-0-12-391880-2
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