How The Stock Market Works by John M. Dalton

Product Description

For the beginning financial professional and the sophisticated investor, here is a thoroughly updated edition of the classic guide to the inner workings of the stock market.

John M. (Jack) Dalton, formerly with the American Stock Exchange, explains the workings of the securities industry, including the initial public offering, types of stocks, who's who inside the brokerage firm, back-office operations, and investment analysis. This updated edition includes new chapters that cover ongoing changes at the NYSE, the AMEX, and Nasdaq, online trading and the globalization of the stock market. The book is also thoroughly updated to reflect changes that have taken place on Wall Street and in the way securities transactions are conducted since the publication of the second edition in 1993.

In addition, a comprehensive glossary that defines more than 600 financial terms—from “Advance-decline theory” and “Arbitrage” to “market-and-limit order” and “Zero plus tick”—enhances the relevance and accessibility of this book.
Product Details
Amazon Sales Rank: #136438 in Books
Published on: 2001-01-01
Released on: 2001-05-01
Number of items: 1
Binding: Hardcover
320 pages
Editorial Reviews

From Library Journal
Dalton, a practicing attorney and former assistant director of the Floor Rules department at the American Stock Exchange, has written an updated edition of his comprehensive examination of how stock markets function. The topics include what the markets offer, reading the financial press, the initial public offering, specialists, brokerage firms, theories, and operations in various offices. Recent developments over the long bull market are also examined, including the many changes that have taken place in the NASDAQ, the mutual fund market, the globalization of the markets, and volatility. Readers get a lot of food for thought as they consider their myriad alternatives as investors. A long, detailed, but excellent glossary defining some 600 financial terms makes this an attractive reference tool. Novice and experienced investors may find many of their theory concerns addressed here, and Dalton's clear prose is a plus. For all libraries, including school libraries and those that own the second edition. Steven J. Mayover, formerly with The Free Lib. of Philadelphia
Copyright 2001 Reed Business Information, Inc.

The Chicago
"Dr. Cohen's system is replete with effective tips that may surprise even the most experienced of job hunters."

About the Author
Jack Dalton is a practicing attorney at the firm of Dalton & Dalton and an instructor at the New York Institute of Finance. Formerly with the American Stock Exchange, Inc., he was the Assistant Director of the Floor Rules Department, Director of the Trading Analysis Department, and a Senior Compliance Attorney. He lectures extensively on the inner workings of the securities industry.
Customer Reviews

Dangerously Inaccurate
Prentice-Hall is notorious for sloppy textbooks, and this book is in the company tradition. The text was not edited, proofread, or fact-checked. The glossary entry for wash sales is egregious, but almost any page provides examples. All information in this book is therefore suspect.

Good introduction to the mechanics of the market
Rather than providing any sort of investment advice, this book explains the actual workings of the stock market. How a trade flows from a customer, through a broker, to the floor, and on to the various settlement engines. It's good background for anyone who invests in the market, and especially useful to anyone who works in (or with) the financial IT industry.

As other reviewers have noted, the poor copy-editing is embarassing. But even with all the typos, the information presented is very useful.

A fairly good over view for me
I am just beginning to learn about the stock market, and all the other dimensions that go along with it. I found this book quite informative, I have read it two times now. I use this as a text book to study from. I am also reading other books on the subject to make sure the information I learn is correct.