Trading Securities

Catalog description

What determines how securities are traded? How do fixed-income markets differ from equity markets and why? What is the role for government regulation in proper design of securities markets? These are some of the questions we will explore, taking a rigorous but real-world perspective, that focuses on the contemporary problems such as the rise of social networks, flash rallies and crashes, the advent of cryptocurrency, and the continued march forward of technology and innovation. While our focus is on market intermediation, we will maintain the perspective of the main purpose of markets: to provide information, to create liquidity, and to allow funds to flow to where they are most needed.