Join Lawrence E. Harris, CFA, as he discusses the dramatic shift in equity trading, from specialists on the exchange floor and dealers in the over-the-counter market to trading occurring almost exclusively on an electronic platform. Harris presents a
Join Lawrence E. Harris, CFA, as he discusses the dramatic shift in equity trading, from specialists on the exchange floor and dealers in the over-the-counter market to trading occurring almost exclusively on an electronic platform. Harris presents a taxonomy of traders, categorized by their motivation for trading: Value and news traders, parasitic traders, utilitarian traders, and dealers. Harris also explains the zero-sum game of trading and how to manage trading costs to improve investor performance.