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Stock Exchange Automation

Jamal Munshi (Sonoma University, USA)



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29 May 2019
Economics; Finance & accounting; Corporate finance; Credit & credit institutions; Investment & securities
Originally published in 1994, Stock Exchange Automation addresses the pivotal role played by capital markets in the market economics. Capital markets are an essential component of the free market system. The book argues that the capital markets function as an allocator of investable funds among competing uses. The movement toward automated markets requires that we understand how automation changes market behaviour. The book also examines the concept of market microstructure theory, and the implication that some forms of automation should affect prices. Theories of price formation in the specialist based trading system hypothesise that the trading mechanism induces short term price volatility.
By:   Jamal Munshi (Sonoma University USA)
Imprint:   Routledge
Country of Publication:   United Kingdom
Volume:   8
Dimensions:   Height: 234mm,  Width: 156mm, 
Weight:   191g
ISBN:   9781138563759
ISBN 10:   1138563757
Series:   Routledge Library Editions: Financial Markets
Pages:   100
Publication Date:   29 May 2019
Audience:   College/higher education ,  Further / Higher Education ,  A / AS level
Format:   Paperback
Publisher's Status:   Active
1. An Overview of Capital Markets and the Nature of this Investigation 2. Market Microstructure and the Impact of Information Technology: Previous Research 3. The Empirical Test 4. Data Analysis and Results 5. Summary and Conclusions Bibliography

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