"Dr. John Teall's Financial Trading and Investing textbook provides a clearly written, comprehensive, and self-contained easy to read overview of trading and investments that is most appropriate for upper-level undergraduates, graduate students, and financial practitioners. In addition, this book would make an essential and valuable addition to every financial practitioner's reference library." --Anthony Joseph, Pace University
"John Teall provides a comprehensive guide to the fascinating and volatile world of securities trading. Replete with cases, numerical examples, and fully developed models, this book leads the reader through the complexities of investor behavior, market structure, regulation, and the uses and abuses of trading tactics in a decidedly clear and straightforward manner." --Elisabeth Oltheten, University of Illinois at Urbana-Champaign
1. Introduction to Securities Trading and Markets 2. Financial Markets, Trading Processes, and Instruments 3. Institutional Trading 4. Regulation of Trading and Securities Markets 5. Adverse Selection, Trading, and Spreads 6. Random Walks, Risk and Arbitrage 7. Arbitrage and Hedging with Fixed Income Instruments and Currencies 8. Arbitrage and Hedging with Options 9. Evaluating Trading Strategies and Performance 10. The Mind of the Investor 11. Market Efficiency 12. Trading Gone Awry Mathematics Appendix Glossary End-of-Chapter Exercise Solutions