Under the microscope: The structure of the foreign exchange market

Michael J. Sager; Mark P. Taylor

doi:10.1002/ijfe.277

Under the microscope: The structure of the foreign exchange market

Michael J. Sager
, Mark P. Taylor

Research output: Contribution to journal › Article › peer-review

58 Scopus citations

Abstract

We provide a detailed, up-to-date description of the microstructure of the foreign exchange market and of the behaviour of participant groups. In the light of this, we highlight shortcomings in existing theoretical models of market interaction and present an outline alternative model that marries theoretical prediction and current market practice.

Original language	English
Pages (from-to)	81-95
Number of pages	15
Journal	International Journal of Finance and Economics
Volume	11
Issue number	1
DOIs	https://doi.org/10.1002/ijfe.277
State	Published - Jan 2006

Keywords

Foreign exchange market
Microstructure
Order flow

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10.1002/ijfe.277

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title = "Under the microscope: The structure of the foreign exchange market",

abstract = "We provide a detailed, up-to-date description of the microstructure of the foreign exchange market and of the behaviour of participant groups. In the light of this, we highlight shortcomings in existing theoretical models of market interaction and present an outline alternative model that marries theoretical prediction and current market practice.",

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KW - Order flow

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Under the microscope: The structure of the foreign exchange market

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Keywords

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