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4.0 out of 5 stars Understand FX Dealers, 20 Aug. 2010
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This review is from: The Microstructure Approach to Exchange Rates (Paperback)
This is a good book to get an understanding of how fx dealers work. Though the maths were over my head, it was easy enough to read the non-equation parts and understand what was said. One caveat - although research is still being done in this area, it appears the adverse selection spread model is incorrect for this market. (See Osler's paper "Price Discovery in Currency Markets".)
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4.0 out of 5 stars Reference Reading, 6 Nov. 2013
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This review is from: The Microstructure Approach to Exchange Rates (Paperback)
Very structured and full of data. This helps one understand some of the powers that drive the market. Not for beginners.
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The Microstructure Approach to Exchange Rates
The Microstructure Approach to Exchange Rates by Richard K Lyons (Paperback - 17 Feb. 2006)
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