Michael Prescott Burney

Market‑focused author and editor specializing in market structure, execution, and trading infrastructure. I translate institutional‑grade knowledge into clear, actionable books and courses for traders, execution engineers, quants, and trading ops teams. Contributor to multi‑volume trading libraries, creator of reproducible labs and case studies, and available for commissioned projects and editorial partnerships.

Published work

Market Mechanics: How Exchanges Work

Finance 8 chapters 14,742 words ~59 min read 3 reads

A live market doesn’t “decide” price. It runs a machine that discovers willingness to trade, matches opposing intent, and gives you reliable access to that matching engine. When those pieces misalign, you get stuck books, stale quotes, and execution surprises that look like unexp...

Chapters

1. What Exchanges Actually Do
2. Order Types and Time-in-Force
3. Inside the Matching Engine
4. Order Lifecycle: Send to Fill
5. Market Data Feeds and Microstructure
6. Clearing and Settlement Fundamentals
7. Margin, Collateral, and Default Risk
8. Failure Modes and Execution Debugging

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