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OverviewOriginally 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. Full Product DetailsAuthor: Jamal Munshi (Sonoma University, USA)Publisher: Taylor & Francis Ltd Imprint: Routledge Volume: 8 Weight: 0.453kg ISBN: 9781138563742ISBN 10: 1138563749 Pages: 104 Publication Date: 30 November 2017 Audience: College/higher education , Tertiary & Higher Education , Undergraduate Format: Hardback Publisher's Status: Active Availability: In Print ![]() This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1. 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 BibliographyReviewsAuthor InformationJamal Munshi Tab Content 6Author Website:Countries AvailableAll regions |