Financial market microstructure

Summary: This research seminar explores financial market microstructure with a focus on the impact of Information and Communication Technologies. Its main objectives: 

• To describe in detail the institutional and operational framework of the financial markets.
• To understand the new trends in financial markets (automation, high frequency trading).
• To give an overview of the academic literature in microstructure.
• To discuss the concept of financial market efficiency.
• To study the dynamics of stock prices.
• To examine the various investors strategies.
• To explain market manipulation, insider trading and frauds.
• To introduce the basic elements of behavioural finance and experimental economics.

Professor: Gunther Capelle-Blancard (Professor of Economics - University Paris 1 Panthéon-Sorbonne)

Student assessment: Writing a research paper (a survey)