The aim of the paper is to investigate the presence of herding towards the market in Istanbul Stock Exchange (ISE) during the period of 2nd January 1997-29th February 2008. We got the evidence of the existence of herding behavior in ISE by the implementation of the methodology which is based on...

English Abstract: The study analyzes fundamentals of market microstructure in stock markets by utilizing theoretical and empirical literature and case studies such as market crash of 1987, also known as Black Monday, and the 2010 flash crash. The study further discusses how algorithmic trading...