PhD FIN 840 RESEARCH SEMINAR IN FINANCIAL MARKET MICROSTRUCTURE
Market microstructure is the study of how markets operate and how transaction dynamics can affect security price formation and behavior. The impact of microstructure on all areas of finance has been increasingly apparent. Empirical microstructure has opened the door for improved transaction cost measurement, volatility dynamics and even asymmetric information measures, among others. Thus, this field is an important building block towards understanding today’s financial markets.
Prerequisite
PHD 825
Offered
Term 4