The interactions that occur in securities markets are among the fastest, most information intensive, and most highly strategic of all economic phenomena. This b

The interactions that occur in securities markets are among the fastest, most information intensive, and most highly strategic of all economic phenomena. This b

The interactions that occur in securities markets are among the fastest, most information intensive, and most highly strategic of all economic phenomena. This b

Written by one of the leading authorities in market microstructure research, this book provides a comprehensive guide to the theoretical work in this important

"The process by which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical