alsaadi1ahmad
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Hey folks,
I’ve been learning quite a lot about the markets — I studied the CFT curriculum, which teaches classic (traditional) technical analysis, and I’ve got enough experience to analyze markets based on what I learned there. I’m also actively involved in trading futures contracts.
But now I’ve reached a point where I feel like I need to go deeper and understand how markets actually work — like how exchanges operate, how orders are executed, and all those behind-the-scenes details, which (as far as I know) fall under the term market microstructure.
So, I got a book called Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris. But here’s the thing — the book is pretty old and talks a lot about the days when trading happened over phone calls, so a lot (not all, but most) of the info feels outdated and has been replaced by more modern systems.
I tried looking for other books on market microstructure, but most of them seem to mix in high-frequency trading (HFT) and dive straight into heavy math and complicated formulas. That’s not what I’m looking for — I don’t want to become a high-frequency trader, haha! I just want to understand how the market is run and operates today (or at least in a modern-enough context). I can dig into the rest on my own later.
So, do any of you know any good books that fit what I’m looking for? Thanks a lot, everyone!
I’ve been learning quite a lot about the markets — I studied the CFT curriculum, which teaches classic (traditional) technical analysis, and I’ve got enough experience to analyze markets based on what I learned there. I’m also actively involved in trading futures contracts.
But now I’ve reached a point where I feel like I need to go deeper and understand how markets actually work — like how exchanges operate, how orders are executed, and all those behind-the-scenes details, which (as far as I know) fall under the term market microstructure.
So, I got a book called Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris. But here’s the thing — the book is pretty old and talks a lot about the days when trading happened over phone calls, so a lot (not all, but most) of the info feels outdated and has been replaced by more modern systems.
I tried looking for other books on market microstructure, but most of them seem to mix in high-frequency trading (HFT) and dive straight into heavy math and complicated formulas. That’s not what I’m looking for — I don’t want to become a high-frequency trader, haha! I just want to understand how the market is run and operates today (or at least in a modern-enough context). I can dig into the rest on my own later.
So, do any of you know any good books that fit what I’m looking for? Thanks a lot, everyone!
