*Financial Trading and Investing, Third Edition* provides a useful introduction to trading and market microstructure for advanced undergraduate as well as master’s students. Without demanding a background in econometrics, the book explores alternative markets and highlights recent regulatory developments, implementations, institutions and debates. The text offers explanations of controversial trading tactics (and blunders) such as high-frequency trading, dark liquidity pools, fat fingers, insider trading and flash orders, emphasizing links between the history of financial regulation and events in financial markets. It includes coverage on valuation and hedging techniques, particularly with respect to fixed income and derivatives markets, accompany updated regulatory information. Combining theory and application, this book provides a practical beginner’s introduction to today’s investment tools and markets. * Provides a logical progression from normative theory to concise mathematical applications * Offers coverage of European examples, welfare economics and tax law updates * Includes improved pedagogical supplements, including end-of-chapter questions with detailed solutions at the end of the text, and useful appendices * Student resources available online: https://www.elsevier.com/books-and-journals/book-companion/9780323909556 * Instructor resources available for request by qualified professors: https://educate.elsevier.com/9780323909556