This week’s topics
Trading Mechanics and Investment Venues
- Market participants and institutional vs retail drivers
- Liquidity, order books, and the bid-ask spread
- Alternative trading systems, electronic communication networks (ECNs), and dark pools
- Motives for trading: capital growth, income generation, and speculation
- Ciamac Moallemi: High-Frequency Trading and Market Microstructure
- Systemwide commonalities in market liquidity
- Glued to the TV: Distracted Noise Traders and Stock Market Liquidity
What you will be able to do
- 1.2 Discuss how, why and where trading and investment takes place.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: discuss how, why and where trading and investment takes place.
Study materials
Videos
- Ciamac Moallemi: High-Frequency Trading and Market Microstructure · YouTube · Columbia Business School · 25 min · for registered students
- Systemwide commonalities in market liquidity · YouTube · University of Cambridge Judge Business School · 36 min · for registered students
- Glued to the TV: Distracted Noise Traders and Stock Market Liquidity · YouTube · Columbia Business School · 30 min · for registered students
- Decoding Markets: A Deep Dive into Positions and Ordering (Investment Foundations Certificate) · YouTube · CFA Institute · 15 min · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
