Screen Based Trading and Open Order Book: From One-Sided Order Execution to Two-Sided Order Matching

— —

Otto Loistl Georg Behm

Screen Based Trading and Open Order Book

From One-Sided Order Execution to Two-Sided Order Matching

Otto Loistl, Georg Behm, Sascha Bakry

$206.95 $165.78

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Springer International Publishing AG
04 October 2025

Economic theory & philosophy; Behavioural economics; Finance; Corporate finance

Series: New Economic Windows

This book explores screen-based trading with an open order book, where traders' decisions influence others in real time via that open order book. Modelling traders’ actions using discrete choice, a method proven in other fields but new to finance, and the integration of discrete choice into a Markov Process, offers an innovative approach to understanding decision making under uncertainty. We call this combination ""Doubly Stochastic Markov Process"" (DSMP for short).

The book is aimed at those interested in real market performance with traders’ modelling based on behavioural expertise.

Monitoring orders instead of prices creates a competitive advantage because the adjustment of prices requires prior adjustment of orders. Only the matching of orders generates transactions and prices. Efficient order management turns risky volatility into profits.

The presentation of DSMP is preceded by an introductory overview of trading venues and concludes with an outlook on the increasing suitability of stochastic processes to implement the interactions of agents and to facilitate modelling the self-organisation of markets.

By: Otto Loistl, Georg Behm, Sascha Bakry
Imprint: Springer International Publishing AG
Country of Publication: Switzerland
Dimensions: Height: 235mm, Width: 155mm,
ISBN: 9783031990519
ISBN 10: 303199051X
Series: New Economic Windows
Pages: 188
Publication Date: 04 October 2025
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Otto Loistl held the Chair of Banking and Finance at the University of Paderborn (1975-1991) and later chaired the Institute for Investment Banking and Catallactics at Vienna University of Economics and Business (1991-2008). His research in real capital markets includes developing a market microstructure model, advising the Frankfurt Stock Exchange, and contributing to Xetra’s market surveillance. Georg Behm earned his doctorate at Vienna University of Economics and Business with a thesis on valuing innovative companies under Prof. Loistl. He is a court-certified expert in corporate valuation and advises on corporate finance and M&A, with extensive experience in valuation methodologies. Sascha Bakry graduated from Vienna University of Economics and Business, focusing on discounted cash flow valuation with constant risk premia and risky debt under Prof. Loistl’s supervision. He is currently a Partner at Deloitte Austria, specializing in Banking, Treasury, and Capital Markets.