The perspective.
Harris shifts attention from forecasts to the structure in which trades actually occur. The book is especially useful for understanding why a quoted price, an executable price, and a realized transaction cost can differ. Read it as a framework for evaluating order choices, liquidity, and the incentives of different market participants.
Who this book suits
Readers interested in trading venues, order execution, liquidity, and market design.
Take these into the margins.
- 01
Who is providing liquidity for the trade?
- 02
What information is conveyed by the order itself?
- 03
Which costs remain when the advertised commission is zero?
Context & editions
Specific venues, technologies, and regulations evolve, so use the framework with current market documentation.
- Title
- Trading and Exchanges
- Author / contributors
- Larry Harris
- Source record
- Open Library book record ↗
The pictured edition and retailer editions may differ. Bibliographic records are community maintained. Cover art belongs to its respective rights holders and is supplied by Open Library.
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An original reading guide from Stockbok. Evaluate the arguments alongside other sources. Books offer general education, not personal investment recommendations.
