Market Mechanics: A Guide to U.S. Stock Markets

Although the inner workings of the stock market are fascinating, few introductory texts have the space to describe them in detail. Furthermore, the U.S. stock markets have been changing so rapidly in recent years that many books have not yet caught up with the changes. This quick note provides an up-to-date view of how the U.S. stock markets work today. This note will teach you about:
– The functions of a stock market;
– Stock markets in the United States, including NASDAQ and the NYSE;
– The difference between limit and market orders;
– How stock trades take place; and
– Lots of other interesting tidbits about the stock market that you wanted to know, but were afraid to ask.

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