A very incisive and thoroughly researched with lot of empirical data in this book by Ajay Shah, Susan Thomas & Michel Gorham. I have compiled microstructure articles in a book with ICFAI University Press and is published http://www.flipkart.com/indian-equity-derivative-markets-players/8131421635-tu23f957q4 . I have always got deep admiration for the crisp comments of Dr AjayShah on CNBC and his formidable grasp of Indian Financialmarkets.
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