A timely guide that bridges the gap between microeconomic theoryand practice through real-world application in the marketplace Understanding how microeconomics affects the marketplace isessential for any investment professional, however most bookssimply address microeconomics in its pure...

We analyze the rationale for limit order trading. Use of limit orders involves two risks: (1) an adverse information event can trigger an undesirable execution, and (2) favorable news can result in a desirable execution not being obtained. On the other hand, a paucity of limit orders can result...

The paper analyzes the rationale for and profitably of limit order trading. Although limit orders are essential to the functioning of order driven markets, their use has received relatively little attention in the literature. Trading via limit order is, in fact, sub-optimal when transaction...