Twenty-one papers, originally presented at the Fifth Econophys-Kolkata conference held at the Saha Institute for Nuclear Physics in March 2010, explore the modeling and analysis of order-driven markets in the field of econophysics. Papers discuss trade-throughs-empirical facts and application to lead-lag measures; whether the trading volume and the number of trades distributions are universal; sub-penny trading in U.S. equity markets; "market making" in an order book model and its impact on the spread; price-time priority and pro-rata matching in an order book model of financial markets; high-frequency simulations of an order book-a two-scale approach; a mathematical approach to order book modeling; reconstructing agents' strategies from price behavior; market influence and order book strategies; multiagent order book simulation-mono-and multi-asset high-frequency market making strategies; the nature of price returns during periods of high market activity; tick size and price diffusion; high frequency correlation modeling; the model with uncertainty zones for ultra high frequency prices and durations-applications to statistical estimation and mathematical finance; exponential resilience and decay of market impact; modeling the non-Markovian, nonstationary scaling dynamics of financial markets; the von Neumann-Morgenstern utility functions with constant risk aversions; income and expenditure distribution-a comparative analysis; two agent allocation problems and the first best; opinion formation in a heterogeneous society; and opinion formation in the kinetic exchange models.
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