Classroom Companion: Business
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Open Access This content is freely available online to anyone, anywhere at any time.

Liquidity, Markets and Trading in Action

An Interdisciplinary Perspective

Authors: Ozenbas, D., Pagano, M.S., Schwartz, R.A., Weber, B.

  • This book is open access, which means that you have free and unlimited access to the content
  • Features hands-on computer trading simulation exercises 
  • Provides students with a deeper understanding of financial market’s influence on economic policy
  • Describes the range of information systems that support trading and market operations today
  • Offers ancillary lecture notes and sample syllabi
  • Examines the future of trading with artificial intelligence and machine learning
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  • ISBN 978-3-030-74817-3
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  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week). Pre-ordered printed titles are excluded from promotions.
  • Due: July 17, 2021
  • ISBN 978-3-030-74816-6
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
About this Textbook

This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to trading, liquidity, and market structure. It provides a detailed examination of the impact of trading costs and other impediments of trading that the authors call “frictions”. It also presents an interactive simulation model of equity market trading, TraderEx, that enables students to implement trading decisions in different market scenarios and structures. Addressing these topics shines a bright light on how a real-world financial market operates, and the simulation provides students with an experiential learning opportunity that is informative and fun.

Each of the chapters is designed so that it can be used as a stand-alone module in an existing economics, finance, or information science course. Instructor resources such as discussion questions, Powerpoint slides and TraderEx exercises are available online.

About the authors

Deniz Ozenbas is a Professor of Finance at the Feliciano School of Business, Montclair State University (New Jersey, USA) and co-director of the Robert A. Schwartz Center for Trading and Financial Markets Research at Baruch College, City University of New York (New York, USA). Prof. Ozenbas also works as a consultant for banks and other non-financial institutions. Her research is mainly in the fields of financial markets, international finance and market microstructure. Her work has been published in many international journals and presented at domestic and international conferences. 

Michael S. Pagano is a Professor of Finance at Villanova University and holds The Robert J. and Mary Ellen Darretta Endowed Chair in Finance. His research focuses on financial markets, financial institutions, risk management, and international finance. Prof. Pagano is also involved with various professional organizations such as FINRA’s Market Regulation Committee, the Supervisory Committee of Citadel FCU’s board of directors, and the Board of Trustees of the Alpha Architect ETF Trust. He holds the Chartered Financial Analyst (CFA®) designation and has prior experience both in private banking and in investment valuation analysis. 

Robert A. Schwartz is Marvin M. Speiser Professor of Finance and University Distinguished Professor in the Zicklin School of Business, Baruch College, City University of New York (New York, USA).  He is also co-Director of the Robert A. Schwartz Center for Trading and Financial Markets Research at Baruch College. His research is in the area of financial economics, with a primary focus on the structure of securities markets.  He has published over seventy refereed journal articles and over twenty books. He is the developer, with Bruce Weber, of the trading and market structure simulation, TraderEx (http://www.etraderex.com/). 

Bruce W. Weber is Dean of the Lerner College of Business and Economics at the University of Delaware (Newark, Delaware, USA), where he is also a Professor of Business Administration and an affiliated faculty member in the Institute for Financial Services Analytics. Weber’s research quantifies the economic advantages of digital markets, and highlights the new challenges facing traders, managers, and regulators in an increasingly computerized financial services industry.


Buy this book

eBook  
  • ISBN 978-3-030-74817-3
  • The ebook is not yet available online.
Hardcover $59.99
price for USA in USD
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week). Pre-ordered printed titles are excluded from promotions.
  • Due: July 17, 2021
  • ISBN 978-3-030-74816-6
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
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Bibliographic Information

Bibliographic Information
Book Title
Liquidity, Markets and Trading in Action
Book Subtitle
An Interdisciplinary Perspective
Authors
Series Title
Classroom Companion: Business
Copyright
2021
Publisher
Springer International Publishing
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-030-74817-3
DOI
10.1007/978-3-030-74817-3
Hardcover ISBN
978-3-030-74816-6
Series ISSN
2662-2866
Edition Number
1
Number of Pages
X, 140
Number of Illustrations
16 b/w illustrations
Topics