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Screen based trading and open order book = from one-sided order execution to two-sided order matching /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Screen based trading and open order book/ by Otto Loistl, Georg Behm, Sascha Bakry.
其他題名:	from one-sided order execution to two-sided order matching /
作者:	Loistl, Otto.
其他作者:	Behm, Georg.
出版者:	Cham :Springer Nature Switzerland : : 2025.,
面頁冊數:	xii, 188 p. :ill. (some col.), digital ;24 cm.
內容註:	Preface: Beyond Markowitz: Trading turns volatilities into profits -- Introduction -- Decision-making with Known Probabilities of Outcome -- Performance of Real Trading Venues -- Discrete Choice Capabilities to Select Orders -- Decision Frame Modelling -- Entropy and Economic Efficiency -- Outlook.
Contained By:	Springer Nature eBook
標題:	Electronic trading of securities. -
電子資源:	https://doi.org/10.1007/978-3-031-99052-6
ISBN:	9783031990526

Screen based trading and open order book = from one-sided order execution to two-sided order matching /
Loistl, Otto.

Screen based trading and open order bookfrom one-sided order execution to two-sided order matching /[electronic resource] :by Otto Loistl, Georg Behm, Sascha Bakry. - Cham :Springer Nature Switzerland :2025. - xii, 188 p. :ill. (some col.), digital ;24 cm. - New economic windows,2039-4128. - New economic windows..

Preface: Beyond Markowitz: Trading turns volatilities into profits -- Introduction -- Decision-making with Known Probabilities of Outcome -- Performance of Real Trading Venues -- Discrete Choice Capabilities to Select Orders -- Decision Frame Modelling -- Entropy and Economic Efficiency -- Outlook.

This book explores screen-based trading with an open order book, where traders' decisions influence others in real time via that open order book. Modelling traders' actions using discrete choice, a method proven in other fields but new to finance, and the integration of discrete choice into a Markov Process, offers an innovative approach to understanding decision making under uncertainty. We call this combination "Doubly Stochastic Markov Process" (DSMP for short). The book is aimed at those interested in real market performance with traders' modelling based on behavioural expertise. Monitoring orders instead of prices creates a competitive advantage because the adjustment of prices requires prior adjustment of orders. Only the matching of orders generates transactions and prices. Efficient order management turns risky volatility into profits. The presentation of DSMP is preceded by an introductory overview of trading venues and concludes with an outlook on the increasing suitability of stochastic processes to implement the interactions of agents and to facilitate modelling the self-organisation of markets.

ISBN: 9783031990526

Standard No.: 10.1007/978-3-031-99052-6doiSubjects--Topical Terms:

721458
Electronic trading of securities.

LC Class. No.: HG4515.95

Dewey Class. No.: 332.640285

Screen based trading and open order book = from one-sided order execution to two-sided order matching /
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