This book is not really about reshaping the equity markets, or at least those parts of it are outdated by now (it was written in 1993). However, it gives a very thorough and easy-to-read explanation of the arcana of market structure, order processing, and the like. Extremely useful for ambitious beginners.
A favorite of the securities industry
Published by Thriftbooks.com User , 26 years ago
Schwartz provides the academic ammunition in support of the securities industry's resistance to move into penny-tick size pricing. No wonder NASDQ loves him.
Excellent Primer on the Securities Industry
Published by Thriftbooks.com User , 26 years ago
Schwartz covers the real workings and non-workings of the industry. Unlike most investor targeted tomes, this book will be helpful if you work full time in the indiustry. The material is at an intermnediate level. Assuming that you already understand stocks, the book is an accessible explanation of the various markets and their design, regulations and various attempts to improve them.
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