TAP

Trading and post-trading

 Coordinatore FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES 

Spiacenti, non ci sono informazioni su questo coordinatore. Contattare Fabio per maggiori infomrazioni, grazie.

 Nazionalità Coordinatore France [FR]
 Totale costo 696˙000 €
 EC contributo 696˙000 €
 Programma FP7-IDEAS-ERC
Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
 Code Call ERC-2011-ADG_20110406
 Funding Scheme ERC-AG
 Anno di inizio 2012
 Periodo (anno-mese-giorno) 2012-06-01   -   2017-05-31

 Partecipanti

# participant  country  role  EC contrib. [€] 
1    FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES

 Organization address address: ALLEE DE BRIENNE, Manufacture des Tabacs 21
city: TOULOUSE
postcode: 31000

contact info
Titolo: Ms.
Nome: Celine
Cognome: Claustre
Email: send email
Telefono: 33567732764
Fax: 33561128637

FR (TOULOUSE) hostInstitution 696˙000.00
2    FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES

 Organization address address: ALLEE DE BRIENNE, Manufacture des Tabacs 21
city: TOULOUSE
postcode: 31000

contact info
Titolo: Prof.
Nome: Bruno
Cognome: Biais
Email: send email
Telefono: 33561128589
Fax: 33561128637

FR (TOULOUSE) hostInstitution 696˙000.00

Mappa


 Word cloud

Esplora la "nuvola delle parole (Word Cloud) per avere un'idea di massima del progetto.

prices    opportunistic    counterparty    frictions    informational    trading    market    investors    financial    markets    algorithmic   

 Obiettivo del progetto (Objective)

'Two of the main functions of financial markets are to discover equilibrium prices, thus providing useful information to the economy, and to enable investors to realize mutually beneficial trades. For markets to serve these goals, it is necessary that i) investors be matched efficiently and trade at prices accurately reflecting relevant information, and that, ii) transactions be executed without counterparty or payment failure. These conditions can fail due to informational frictions (limited rationality, search costs or adverse selection) or opportunistic behaviour.

I will study the following issues: How can different trading and post-trading mechanisms mitigate or worsen these problems? Are financial market equilibria information constrained optima? Is there a role for public policies? Is algorithmic trading economically and socially useful? Can investors and institutions’ opportunistic behaviour generate counterparty risk? How do informational frictions affect market liquidity? What are the welfare properties of such trading institutions as electronic order books, high-frequency algorithmic trading, margin deposits, and central clearing counterparties?

To study these issues, I will rely on theoretical models, and empirical analyses of financial markets data.'

Altri progetti dello stesso programma (FP7-IDEAS-ERC)

WIHM (2014)

Water Isotopes of Hydrated Minerals (WIHM)

Read More  

CMVAGSTIMULUS (2011)

Molecular mechanisms of persistent antigenic stimulation in cytomegalovirus infection

Read More  

CILITRANSPORT (2012)

Structural Studies and Regulation of Intraflagellar Transport Complexes

Read More