Larry Harris holds the Fred V. Keenan Chair in Finance at the University of Southern California Marshall School of Business. In July 2002, Professor Harris was appointed Chief Economist of the U.S. Securities and Exchange Commission, where he served until June 2004.

• PART I: THE STRUCTURE OF TRADING; PART II: THE BENEFITS OF TRADE; PART III: SPECULATORS; PART IV: LIQUIDITY SUPPLIERS; PART V: ORIGINS OF LIQUIDITY AND VOLATILITY; PART VI: EVALUATION AND PREDICTION; PART VII: MARKET STRUCTURES

[It] is the most comprehensive treatment of market microstructure that I have seen...he does not compromise on breadth or depth...indispensable for anyone who cares about trading

Larry Harris holds the Fred V. Keenan Chair in Finance at the University of Southern California Marshall School of Business. In July 2002, Professor Harris was appointed Chief Economist of the U.S. Securities and Exchange Commission, where he served until June 2004.

• PART I: THE STRUCTURE OF TRADING; PART II: THE BENEFITS OF TRADE; PART III: SPECULATORS; PART IV: LIQUIDITY SUPPLIERS; PART V: ORIGINS OF LIQUIDITY AND VOLATILITY; PART VI: EVALUATION AND PREDICTION; PART VII: MARKET STRUCTURES

[It] is the most comprehensive treatment of market microstructure that I have seen...he does not compromise on breadth or depth...indispensable for anyone who cares about trading

Larry Harris holds the Fred V. Keenan Chair in Finance at the University of Southern California Marshall School of Business. In July 2002, Professor Harris was appointed Chief Economist of the U.S. Securities and Exchange Commission, where he served until June 2004.

• PART I: THE STRUCTURE OF TRADING; PART II: THE BENEFITS OF TRADE; PART III: SPECULATORS; PART IV: LIQUIDITY SUPPLIERS; PART V: ORIGINS OF LIQUIDITY AND VOLATILITY; PART VI: EVALUATION AND PREDICTION; PART VII: MARKET STRUCTURES

[It] is the most comprehensive treatment of market microstructure that I have seen...he does not compromise on breadth or depth...indispensable for anyone who cares about trading