After completing this course, students are expected to evaluate theories and empirical studies related to the impact of market structures and trading rules on price discovery process, investor behavior, and trade outcomes. Furthermore, students are expected to construct relevant methodologies in market microstructure research. This course confers theoretical and empirical issues related to structures and trading rules in regulated exchanges. The discussions cover topics such as market manipulations, liquidity, volatility, investor behavior, and trading rules. Students are expected to actively contribute in the discussions and submit term papers accordingly.