Trading and Exchanges: Market Microstructure for Practitioners

By Larry Harris

Trading and Exchanges: Market Microstructure for Practitioners is a comprehensive and authoritative textbook that explains how financial markets operate at the micro level. Written by Larry Harris, a leading authority in financial economics, this book equips practitioners, students, and researchers with the tools needed to understand trading mechanisms, market structures, and the forces that drive modern exchanges.

Bridging theory and practice, the book makes complex market microstructure concepts accessible and directly applicable to real-world trading and market analysis. It provides deep insight into how trades are executed, how prices are formed, and how liquidity, regulation, and technology shape financial markets.

Key Features of This Textbook

• Clear explanation of trading mechanisms and market microstructure
• Strong connection between financial theory and trading practice
• Comprehensive coverage of traders, exchanges, liquidity, and regulation
• Widely used by practitioners, regulators, and academic researchers
• Core reference in graduate finance and MBA programs worldwide

Who Should Buy This Book?

• Finance students studying trading, investments, and financial markets
• Traders and professionals in banks, hedge funds, and trading firms
• Researchers and regulators examining market microstructure
• Libraries supporting economics, finance, and business programs

Why It’s Essential (Strengths)

• Definitive reference on market microstructure and trading systems
• Balances rigorous economic theory with practical market insights
• Authored by one of the most respected scholars in financial markets
• Applicable to equities, fixed income, derivatives, and electronic markets
• Outstanding value at BooksGoat ($69.99 with free shipping)

The essential guide to understanding how modern financial markets truly work.
Order today from BooksGoat and master market microstructure.