Global Focus The book concentrates on key principles that financial professionals, MBAs, and advanced undergraduates - regardless of geography - need to know. Integration Across Product Types Adopting a financial and trading perspective rather than an economist's viewpoint, the book examines integration across and within all four product types: equities, debt securities, derivatives, and foreign exchange. Market Microstructure With an exphasis on market microstructure, the book studies prices, risks, and transaction costs of the four product types. Regular updates of the material in Capital Markets: A Global Perspective are available on the author's website at http://www.people.memphis.edu/~tmcinish/.