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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
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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
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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
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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 phrasingsufficiently
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
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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
OHara
Robert W. Purcell Professor of Management and Professor of Finance
Johnson Graduate School of Management, Cornell University
2002 President, American Finance Association
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