This paper presents a brief historical perspective on the evolution of equity market structure and considers implications microstructure analysis has had for improving market structure. Since the 1975 Securities Acts Amendments mandated the development of a National Market System, the robust...

A timely guide that bridges the gap between microeconomic theoryand practice through real-world application in the marketplace Understanding how microeconomics affects the marketplace isessential for any investment professional, however most bookssimply address microeconomics in its pure...