Market Microstructure in Practice: The need to understand market microstructure is crucial for traders, financial analysts, and policymakers who want insights into the functioning of markets at the micro level. The study is therefore concerned with mechanisms that explain trading, pricing, and liquidity in financial markets. This article will cover all the concepts of market microstructure, their applications in practice, and how it shapes trading strategies and market behavior Market Microstructure in Practice.  What Is Market…