Equity Trader

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Praise Title Page Copyright Page Dedication Foreword Preface Acknowledgements CHAPTER 1 - Getting a Grip on Trading ORDER ARRIVAL THE BID-ASK SPREAD THE LIQUIDITY DIMENSION OVERVIEW OF TRADEREX GETTING STARTED WITH TRADEREX FROM THE CONTRIBUTORS CHARACTERISTICS OF A STRONG CANDIDATE MAKO TRADER TRAINING PROGRAM CHAPTER 2 - All About Liquidity FROM INFORMATION TO PRICES DEFINING LIQUIDITY LIQUIDITY AND TRANSACTION COSTS INTRADAY PRICE VOLATILITY, PRICE DISCOVERY, AND QUANTITY DISCOVERY THE ORIGINS OF LIQUIDITY ILLIQUIDITY’S FOOTPRINTS IN THE TRANSACTION RECORDS DISCUSSION FROM THE CONTRIBUTORS RUMORS: PEPSICO TO TAKE OVER DANONE, JULY 2005 GEOPOLITICAL EVENTS: SEPTEMBER 11, 2001 AD HOC NEWS: A FINE LINE BETWEEN PLEASURE (GENENTECH) AND PAIN (SCHERING) PROFIT WARNING : SOFT DRINK COMPANY ISSUES PROFIT WARNING, SEPTEMBER 2005 CHAPTER 3 - How to Use Limit and Market Orders THE ORDER BOOK AND THE MARKET ORDER TYPES

A LOOK AT THE MARKET A RESERVATION PRICE COST OF PLACING A LIMIT ORDER COMPENSATION FOR PLACING A LIMIT ORDER SHOULD YOU SUBMIT A LIMIT ORDER OR A MARKET ORDER? HOW SHOULD YOU PRICE YOUR LIMIT ORDERS? THE BID-ASK SPREAD HANDLING A LARGE ORDER AN OPTION TRADER’S VIEW OF LIMIT ORDERS THE BIG PICTURE FROM THE CONTRIBUTORS EXERCISES CHAPTER 4 - Choosing between Continuous Trading and a Periodic Call Auction HOW IS A CALL AUCTION USED? CALL AUCTIONS AND MARKET STRUCTURE BOOKBUILDING ORDER HANDLING DIFFERENCES NASDAQ’S CROSSES HOW TO SUBMIT AN ORDER TO A CALL AUCTION A REALITY CHECK OPTION VALUE OF LIMIT ORDERS IN A CALL AUCTION TIME TO CALL THE MARKET FROM THE CONTRIBUTORS CALL MARKETS AND LIQUIDITY CALL MARKETS, BENCHMARK PRICES, AND PRICE DISCOVERY CALL MARKETS AND THE INCLUSION OF MARKET PARTICIPANTS EXERCISES APPENDIX TO CHAPTER 4 - Further Details on Clearing Price Determination CHAPTER 5 - Market Intermediaries: Nuts ’n’ Bolts and Challenges EMERGENCE OF THE MODERN MARKETS INTERMEDIATION ON THE NYSE INTERMEDIATION AT NASDAQ...