Dark pools the structure and future of off-exchange trading and liquidity / [electronic resource] :

• 作者： Banks, Erik.
• 其他作者：
  • Palgrave Connect (Online service)
• 其他題名：
  • Finance and capital markets
• 出版： Basingstoke, Hampshire [England] ;New York : Palgrave Macmillan
• 叢書名： Palgrave Macmillan finance and capital markets series
• 主題： Capital market , Liquidity (Economics) , Risk , Electronic books.
• ISBN： 9780230275218 、 0230275214
• FIND@SFXID: CGU
• 資料類型: 電子書
• 內容註: Includes bibliographical references and index. Machine generated contents note: PART I: THE NATURE OF CATASTROPHE -- Taxonomy of Risk -- Catastrophes -- Financial Catastrophe -- PART II:THE RISK FRAMEWORK -- The Risk Management Process -- Models, Metrics and Limitations -- PART III: PRACTICAL MANAGEMENT -- Past Catastrophes -- Lessons Learned and Prescriptive Measures -- The Future of Risk Management.
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• 摘要註: Dark Pools is a practical text dealing with the increasingly important topic of dark pools, or non-displayed, off-exchange trading and liquidity. A growing amount of institutional trading occurs away from exchanges and expansion in this little understood sector of the market is set to continue. The book is organized in three parts: Market Structure, Micro Issues, and Environment of the Future. The first chapters consider the development and evolution of the equity trading marketplace overthe past two decades, including the creation of dedicated dark pool platforms, and introduce the concept of market liquidity, the formation ofdisplayed and non-displayed orders, and the operation andstructure ofkey dark pools. Attention then turns to the architecture of a typical dark pool, and how orders are routed to capture dimensions of non-displayed liquidity. This is followed by an analysis of the pricing and economics of dark liquidity and common trading strategies employed by institutions - including dark algorithms, high frequency trading and the controversial mechanism of 'gaming.'The final chapters analyze the regulatory and control framework and consider how dark pools may evolvein a post-financial crisis world. "Dark Pools is a practical text dealing with the increasingly important topic of dark pools, or non-displayed, off-exchange trading and liquidity. It discusses the development of the equity trading marketplace over the past two decades and how dark pools may evolve in a post-financial crisis world"--Provided by publisher.
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