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Market Microstructure & Implementation

What actually happens inside NSE every millisecond. From limit order book mechanics to market making mathematics — every formula grounded in Cartea, Jaimungal & Penalva (2015), every concept verified on live NIFTY Futures data.

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Primary reference: Cartea, Á., Jaimungal, S., & Penalva, J. (2015). Algorithmic and High-Frequency Trading. Cambridge University Press. All equation numbers and page references in this module cite this text directly.
Live data source: NSE via Fyers TBT WebSocket — open source dashboard ↗

⚠ Disclaimer: Thrissur Trading Terminal (TTT) is not a SEBI Registered Research Analyst or Investment Adviser. This module, the open source dashboard, and all related content are intended solely for educational and research purposes. Nothing here constitutes a buy/sell signal, trading recommendation, or investment advice of any kind. All market data examples are for illustrative purposes only. Consult a SEBI Registered Investment Adviser before making any financial decisions.