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612-822-4611
Screen Based Trading and Open Order Book: From One-Sided Order Execution to Two-Sided Order Matching

Screen Based Trading and Open Order Book: From One-Sided Order Execution to Two-Sided Order Matching

Hardcover

Series: New Economic Windows

EconomicsInvesting & Finance

ISBN10: 303199051X
ISBN13: 9783031990519
Publisher: Springer
Published: Oct 4 2025
Pages: 188
Weight: 1.02
Height: 0.50 Width: 6.14 Depth: 9.21
Language: English
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).

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