Trades, Quotes and Prices: Financial Markets Under the Microscope, 1st Edition by Jean-Philippe Bouchaud, Julius Bonart, Jonathan Donier, and Martin Gould (ISBN 9781107156050)

Trades, Quotes and Prices: Financial Markets Under the Microscope offers an unprecedented quantitative exploration of how financial markets actually function beneath the surface. Authored by Jean-Philippe Bouchaud, Julius Bonart, Jonathan Donier, and Martin Gould, and published by Cambridge University Press, this book blends statistical physics, econometrics, and financial theory to reveal the real mechanics of price formation and market dynamics.

Product Details

• Title: Trades, Quotes and Prices: Financial Markets Under the Microscope
• Edition: 1st Edition
• Authors: Jean-Philippe Bouchaud, Julius Bonart, Jonathan Donier, Martin Gould
• Publisher: Cambridge University Press
• ISBN-13: 9781107156050
• Format: Hardcover / Academic Textbook
• Pages: 410 +
• Price: $59.99
• Availability: In Stock | Free Worldwide Shipping

Bridging the gap between theoretical finance and real market behavior, this text explains how order flow, liquidity, and volatility interact to produce price movements. It introduces a rigorous framework for analyzing limit-order books, price impact functions, and micro-level market mechanisms that drive macro-level trends.

Key Features of the 1st Edition

• Empirical Focus: Draws on vast datasets from equity, futures, and FX markets to illustrate real trading behavior.
• Interdisciplinary Insight: Combines tools from physics, statistics, and quantitative finance.
• Market Microstructure Modeling: Detailed coverage of limit-order book dynamics, price impact, and spread formation.
• Algorithmic Trading Relevance: Frameworks for designing execution strategies and understanding slippage and liquidity costs.
• Accessible yet Rigorous: Balances mathematical depth with conceptual clarity, ideal for researchers and practitioners.
• Research-Based: Authored by pioneers in market microstructure and econophysics.

Table of Contents Highlights

1. Introduction to Market Microstructure
2. The Dynamics of Order Books and Trades
3. Liquidity and Volatility Mechanisms
4. Price Formation and Impact Models
5. Empirical Market Stylized Facts
6. Execution Costs and Algorithmic Strategies
7. Market Efficiency and Systemic Risk

Who Should Use This Book?

• Quantitative analysts and traders
• Economists and financial researchers
• Graduate students in finance, econometrics, or physics
• Portfolio managers and algorithmic trading professionals

Why Buy from BooksGoat?

• Best Price: $59.99 vs retail $85 +
• Free Worldwide Shipping
• Authentic Cambridge University Press Edition verified ISBN 9781107156050
• Eco-Friendly Packaging and secure international delivery

FAQs

Is this suitable for non-academic readers?

Yes — while quantitative, it’s written to be accessible to finance professionals with basic math and statistics knowledge.

Does it include real trading data examples?

Yes — the book draws on extensive datasets from global equity and futures markets.

Is this useful for algorithmic trading research?

Absolutely — it’s one of the most cited works on microstructure modeling and trade execution theory.

Final Call – Buy Now

Trades, Quotes and Prices: Financial Markets Under the Microscope by Bouchaud, Bonart, Donier, and Gould is the authoritative guide to understanding market microstructure and price dynamics. Order now from BooksGoat for just $59.99. Free worldwide shipping included.