Sub-hub archive

Markets: Market Structure

Articles

Current page

Page 2 of 3

Market Structure

Apr 4, 2026

What Is Order Book Imbalance?

Learn what order book imbalance is, how it measures buy vs. sell liquidity, why it predicts short-term price moves, and where the signal breaks down.

23 min read

Market Structure

Apr 4, 2026

What Is Order Flow Toxicity?

Learn what order flow toxicity is, why it matters to market makers, how VPIN tries to measure it, and where the concept is useful or limited.

23 min read

Market Structure

Mar 22, 2026

What Is Price Discovery?

Learn what price discovery is, how markets turn trading into informative prices, and why liquidity, fragmentation, and market design shape it.

25 min read

Market Structure

Mar 22, 2026

What Is 24/7 Trading?

Learn what 24/7 trading really means, how near-continuous markets work, and why market data, clearing, and liquidity matter as much as hours.

23 min read

Market Structure

Mar 22, 2026

What Is an Onchain Order Book?

Learn what an onchain order book is, how it works, why it exists, and the key tradeoffs around custody, composability, latency, and MEV.

21 min read

Market Structure

Mar 21, 2026

What is Price Impact?

Learn what price impact is, why trades move prices, how it works in order books and AMMs, and how it differs from slippage and MEV-driven costs.

23 min read

Market Structure

Mar 21, 2026

What Is Spread?

Learn what spread means in market structure, why bid-ask spreads exist, how they form, and what tight or wide spreads reveal about liquidity.

23 min read

Market Structure

Mar 21, 2026

What is Volatility?

Learn what volatility is, how realized and implied volatility differ, how the VIX works, and why liquidity and market structure amplify price moves.

26 min read

Market Structure

Mar 21, 2026

What is Market Capitalization?

Learn what market capitalization is, how it is calculated, why investors use it, and where market cap can mislead about value, size, and liquidity.

26 min read

Market Structure

Mar 21, 2026

What Is a Market Maker?

Learn what a market maker is, how market makers provide liquidity, earn the spread, manage risk, and shape price formation in modern markets.

21 min read

Market Structure

Mar 21, 2026

What Is an Order Book?

Learn what an order book is, how bids and asks are matched, why spreads and depth exist, and how order-book design shapes trading and price discovery.

26 min read

Market Structure

Mar 21, 2026

What is Liquidity?

Learn what market liquidity is, how spread, depth, price impact, and resiliency work, and why liquidity can disappear suddenly in stressed markets.

22 min read