“Knowledge and information about the stock market are vital tools for investors as they shape their strategies and portfolios. Professor Harris’ truly unique, unassailably practical and plain English presentation offers investors, newcomers and veterans alike, valuable and easy to understand insights that heighten individual confidence and the opportunity for success. A smarter, more informed investor is a more discriminating and successful investor.”

Dick Grasso
Chairman and CEO,
New York Stock Exchange



“Trading and Exchanges demystifies the complex world of trading. It is a must for anyone interested in investing in the public markets."

Maria Bartiromo
CNBC News Anchor



“The inner (and outer) workings of the trading mechanism is a highly complex subject with often – unappreciated relevance for anyone who has virtually any involvement in the financial markets. Writing with a clarity and a pace that Hemmingway would have applauded, Larry Harris shines a bright light on both the latest theory and current practices, and he then probes deeply and thoughtfully into their implications for market participants.”

Martin L. Leibowitz, Ph.D.
Vice Chairman and Chief Investment Officer
TIAA-CREF



“TRADING AND EXCHANGES: Market Microstructure for Practitioners should be subtitled: ‘Everything You Ever Wanted to Know But Were Afraid to Ask About Markets and Trading.’ While its focus is not legal, it will be particularly valuable for lawyers, who tend to know the legal rules but not to understand the underlying transactions to which they apply. I would recommend that every large law firm make this required reading for their young associates. Professor Harris has a strikingly unacademic gift for simple, clear phrasing—sufficiently so that he could be banned from many faculty clubs. This book fills a void.”

John C. Coffee, Jr.
Adolf A. Berle Professor of Law
Columbia University School of Law



“Professor Harris has written an extraordinary book detailing the complex workings of modern equity markets. This book provides a wealth of institutional detail, and an integrated framework for understanding how markets actually work. It will surely be a standard reference book for all who work in or study the markets for many years to come.”

Maureen O’Hara
Robert W. Purcell Professor of Management and Professor of Finance
Johnson Graduate School of Management, Cornell University
2002 President, American Finance Association