How markets are structured, including exchanges, participants, and trading sessions.
This scope is designed to help you build a practical understanding of Market Structure. Lessons move from core definitions to real-world context and common failure points.
Reading in order is recommended, but each lesson stands on its own.
A structured explanation of who participates in financial markets, why they exist, and how their interactions shape liquidity, price formation, and real-world trade execution and management across venues and instruments.','content':'Financial markets are not a single decision maker. They are ecosystems where many distinct actors meet to transfer ri…
A practical guide to the structure of modern financial markets, from trading venues and order routing to clearing, settlement, and the institutions that connect them. Focuses on how organization affects real-world execution and trade management without offering strategies or recommendations.
A clear explanation of what exchanges are, why they exist, and how they shape real-world trade execution and management across asset classes, from order routing and matching to market data, auctions, and risk controls. Focused on practical mechanics without strategies or recommendations.
A clear, practical explanation of how retail and institutional traders differ, why the distinction exists, and how it shapes real-world order routing, execution quality, and market structure across venues and asset classes. No strategies or recommendations.
A clear explanation of how primary and secondary markets differ, why the distinction exists, and how it affects order flow, execution, costs, and risk in real-world trading and capital markets activity. Includes practical examples across equities, bonds, governments, and ETFs.
A clear, practical explanation of what market makers are, why they exist, and how their quoting and trading activity affects real-world order execution and trade management across major asset classes. No strategies or recommendations, only structure and mechanics.
A clear explanation of how regulated exchange markets differ from over-the-counter markets, why both structures exist, and what those differences mean for order execution, pricing, risk, and post-trade processes in real-world trading contexts.
An in-depth explanation of pre-market and after-hours trading: what these sessions are, why they exist, how orders are executed, and how they affect price discovery and trade management in real markets, without strategy or recommendations. Naturally written for learners studying market structure.
A clear explanation of trading sessions, why markets organize activity into sessions, and how session structure shapes real-world order execution, liquidity, and risk management across equities, futures, foreign exchange, and digital assets.
A clear explanation of how auction and continuous market designs function, why both exist, and how they shape real-world trade execution and management across asset classes and venues. Written for a practical understanding of market structure without strategies or recommendations.
