UWA Handbook 2017

Unit details

FINA4401 Microstructure of Financial Markets

Credit 6 points
  Offering
(see Timetable)
AvailabilityLocationMode
Not available in 2017UWA (Perth)Face to face
Details for undergraduate courses
  • Honours option in Finance [Bachelor of Commerce (Honours)]
Content This unit builds on the understanding of the trading of financial securities and the design of financial markets established in FINA3307 Trading in Securities Markets. Both theoretical and empirical research in the financial market microstructure literature are examined. Topics include market design, price impact of trading, regularities and commonalities, bid ask spread and their sources, and regulation of the markets.
Outcomes Students are able to (1) evaluate how alternative market structures develop and process information, and therefore impact on prices differently; (2) examine the role different traders play in the behaviour of stock prices and returns, and the impact of their participation on the other traders and the market as a whole; and (3) evaluate and critique the development of financial markets using the theory and concepts from the market microstructure literature.
Assessment Assessment information is provided in the unit outline.

Supplementary assessment is not available in this unit.
Unit rules
Prerequisites: FINA3307 Trading in Securities Markets
Contact hours lectures/tutorials/seminars/workshops: up to 3 hours per week

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