Table of Contents

Chapter 1 - Introduction to Securities Trading and Markets
Chapter 2 - Financial Markets, Trading Processes, and Instruments
Chapter 3 - Institutional Trading
Chapter 4 - Regulation of Trading and Securities Markets
Chapter 5 - Adverse Selection, Trading, and Spreads
Chapter 6 - Random Walks, Risk and Arbitrage
Chapter 7 - Arbitrage and Hedging with Fixed Income Instruments and Currencies
Chapter 8 - Arbitrage and Hedging with Options
Chapter 9 - Evaluating Trading Strategies and Performance
Chapter 10 - The Mind of the Investor
Chapter 11 - Market Efficiency
Chapter 12 - Trading Gone Awry
Mathematics Appendix
End-of-Chapter Exercise Solutions


No. of pages:
© 2013
Academic Press
Print ISBN:
Electronic ISBN:

About the author

John Teall

John Teall is a visiting professor at LUISS Business School in Rome, Italy. He is a former member of the American Stock Exchange and has served as a consultant to Deutsche Bank, Goldman Sachs, and other financial institutions.

Affiliations and Expertise

Rensselaer Polytechnic Institute, Troy, NY, USA


"Teall’s Financial Trading and Investing presents clear and up-to-date coverage of trading and market microstructure. Arbitrage and hedging examples in currency, forwards, fixed income and options markets are well developed, with particular attention devoted to implementing transactions."--Ahmet K. Karagozoglu, Hofstra University

"I enjoyed reading the material in Financial Trading and Investing. Dr. Teall’s coverage of the content in this text is very thorough, and it fills a niche in academic and professional literature on trading and market microstructure."--Travis Jones, Florida Gulf Coast University

"The presentation is well supported not only by the extensive use of professional literature but also by examples in each chapter. The end-of-chapter questions enhance learning by enabling students to apply concepts in meaningful ways. They make the material more ‘real world' for advanced undergraduates or graduate students."--Kevin Klein, Illinois College