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[return to "Ask HN: What scientific phenomenon do you wish someone would explain better?"]
1. robert+XO[view] [source] 2020-04-27 02:51:18
>>qqqqqu+(OP)
If I buy a stock, does the price at which I agreed to buy it become the new share price on the stock exchange?

Every article on "Where do stock prices come from?" seems to just talk at a high level about supply and demand.

But where does the price come from at a nitty-gritty level? Is it an average of all existing offers or something?

Do different exchanges and stock-ticker websites have different formula for calculating share price?

If a very low-volume stock is listed at $4, and then I offer to buy a share for $100, does the NYSE suddenly start listing its price at $100?

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2. gerty+Zm1[view] [source] 2020-04-27 10:27:49
>>robert+XO
This book by Larry Harris helped me understand much better the mechanics and terminology of financial markets.

https://www.amazon.com/Trading-Exchanges-Market-Microstructu...

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