Financial markets and trading : an introduction to market microstructure and trading strategies

An informative guide to market microstructure and tradingstrategies Over the last decade, the financial landscape has undergone asignificant transformation, shaped by the forces of technology,globalization, and market innovations to name a few. In order tooperate effectively in today's markets, you need more than just themotivation to succeed, you need a firm understanding of how modernfinancial markets work and what professional trading is reallyabout. Dr. Anatoly Schmidt, who has worked in the financialindustry since 1997, and teaches in the Financial Engineeringprogram of Stevens Institute of Technology, puts these topics inperspective with his new book. Divided into three comprehensive parts, this reliable resourceoffers a balance between the theoretical aspects of marketmicrostructure and trading strategies that may be more relevant forpractitioners. Along the way, it skillfully provides an informativeoverview of modern financial markets as well as an engagingassessment of the methods used in deriving and back-testing tradingstrategies. Details the modern financial markets for equities, foreignexchange, and fixed incomeAddresses the basics of market dynamics, including statisticaldistributions and volatility of returnsOffers a summary of approaches used in technical analysis andstatistical arbitrage as well as a more detailed description oftrading performance criteria and back-testing strategiesIncludes two appendices that support the main material in thebook If you're unprepared to enter today's markets you willunderperform. But with Financial Markets and Trading as yourguide, you'll quickly discover what it takes to make it in thiscompetitive field.