Financial Trading and Investing

Financial Trading and Investing

2nd Edition - March 21, 2018

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  • Author: John Teall
  • eBook ISBN: 9780128111178
  • Paperback ISBN: 9780128111161

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Financial Trading and Investing, Second Edition, delivers the most current information on trading and market microstructure for undergraduate and master’s students. Without demanding a background in econometrics, it explores alternative markets and highlights recent regulatory developments, implementations, institutions and debates. New explanations of controversial trading tactics (and blunders), such as high-frequency trading, dark liquidity pools, fat fingers, insider trading, and flash orders emphasize links between the history of financial regulation and events in financial markets. New sections on valuation and hedging techniques, particularly with respect to fixed income and derivatives markets, accompany updated regulatory information. In addition, new case studies and additional exercises are included on a website that has been revised, expanded and updated. Combining theory and application, the book provides the only up-to-date, practical beginner's introduction to today's investment tools and markets.

Key Features

  • Concentrates on trading, trading institutions, markets and the institutions that facilitate and regulate trading activities
  • Introduces foundational topics relating to trading and securities markets, including auctions, market microstructure, the roles of information and inventories, behavioral finance, market efficiency, risk, arbitrage, trading technology, trading regulation and ECNs
  • Covers market and technology advances and innovations, such as execution algo trading, Designated Market Makers (DMMs), Supplemental Liquidity Providers (SLPs), and the Super Display Book system (SDBK)


Economics and finance upper-division undergraduates, graduate students, and professionals worldwide working in finance, financial engineering, quantitative finance, and risk management

Table of Contents

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

Product details

  • No. of pages: 522
  • Language: English
  • Copyright: © Academic Press 2018
  • Published: March 21, 2018
  • Imprint: Academic Press
  • eBook ISBN: 9780128111178
  • Paperback ISBN: 9780128111161

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

LUISS University in Rome, Italy

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  • Eduard S. Fri Nov 26 2021

    Good book

    Very good and quality book about investing. Really enjoy it.