Abstract
A stock exchange or bourse is a corporation or a mutual organization that provides trading facilities for traders to trade stocks and other securities. The top 12 exchanges have a combined market capitalization running to trillions of dollars. Obviously, investors, corporations, and academics are interested in the design and the functioning of stock markets. In this chapter, we provide an overview of type and design of markets, and price formation and price discovery. © 2009 Springer-Verlag Berlin Heidelberg.
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CITATION STYLE
Krishnamurti, C. (2009). Introduction to market microstructure. Investment Management: A Modern Guide to Security Analysis and Stock Selection. Springer Berlin Heidelberg. https://doi.org/10.1007/978-3-540-88802-4_2
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