My research is on how the design of financial markets affects liquidity, price informativeness and the welfare of market participants.  

I am currently working on modelling a limit order book under asymmetric information, the relevance of the tick size, trading fees, dark trading and closing auction volumes 

Here is my  texbook on Market Microstructure:

 The Microstructure of Financial Markets, Cambridge University Press 2009

































Last change 04/11/2021