Market microstructure(redirected from Market micro-structure)
The functional setup of a market.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The way a market or exchange functions under a given set of rules. The study of market microstructure deals with how well or poorly an exchange's rules encourage efficient trading. For example, one who studies market microstructure might conduct research into the similarities and differences in exchanges that have open outcry trading and those that are exclusively electronic.
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