The Stock Exchange from Within

An experienced broker offers a practical, insider account of securities markets, describing how exchanges create prices and liquidity, the economic purpose of organized trading, and the mechanics and ethics of speculation, short selling, and bears. Chapters examine relations with banks, publicity and regulatory safeguards, the causes and handling of panics with a close study of the 1907 crisis, historical legislative attempts to restrain speculation, a day‑to‑day primer for beginners, and comparative sketches of London and Paris bourses, plus an appended commission report.