The true meaning of investment discipline is to trade only when you reasonably expect it will achieve your desired goals. Therefore, managers must thoroughly understand why they trade. Because trading is a zero-sum game, good investment discipline requires managers to understand why their counterparts are trading. This book examines the different reasons people trade and identifies the implications of the zero-sum game for the discipline of investing. It also identifies sources of liquidity, the resulting trading costs, and when active investment strategies can be profitable. The book then explains how managers should measure and control transaction costs to achieve good performance.
Electronic trading systems and electronic trading strategies now dominate trading in the global exchange markets. This book explains why speed is so important to electronic traders, how to achieve speed, and the trading strategies used to take advantage of speed. Finally, this book analyzes many of the issues related to electronic trading that are currently relevant to practitioners and regulators.
Asin : B017C5K1KO
Publisher : CFA Institute Research Foundation (October 28, 2015)
Language : English
File size : 854KB
Simultaneous device use : Unlimited
Text-to-speech : enabled
Screen reader: Supported
Enhanced Typesetting : enabled
X-Ray : Not activated
Word Wise : enabled
Sticky Notes : on Kindle Scribe
Print Length : 94 pages
Trading and Electronic Markets: What Investment Professionals Need to Know– Brit Commerce
£123.33
The true meaning of investment discipline is to trade only when you rationally expect that you will achieve your desired objective. Accordingly, managers must thoroughly understand why they trade. Because trading is a zero-sum game, good investment discipline also requires that managers understand why their counterparties trade. This book surveys the many reasons why people trade and identifies the implications of the zero-sum game for investment discipline. It also identifies the origins of liquidity and thus of transaction costs, as well as when active investment strategies are profitable. The book then explains how managers must measure and control transaction costs to perform well.
Electronic trading systems and electronic trading strategies now dominate trading in exchange markets throughout the world. The book identifies why speed is of such great importance to electronic traders, how they obtain it, and the trading strategies they use to exploit it. Finally, the book analyzes many issues associated with electronic trading that currently concern practitioners and regulators.
ASIN : B017C5K1KO
Publisher : Research Foundation of CFA Institute (28 Oct. 2015)
Language : English
File size : 854 KB
Simultaneous device usage : Unlimited
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Sticky notes : On Kindle Scribe
Print length : 94 pages
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