Does News Trading Crowd Out Value Trading? Evidence from a Structural Estimation, 2026, with Ion Lucas Saru (slides).
AI “Errors”, 2026, with Wenqian Huang and Shihao Yu.
Equilibrium VIX in Inelastic Markets, 2026 (slides).
Trades, Quotes, and (Unbiased) Information Shares, 2026, with Björn Hagströmer (slides).
Middlemen in Limit-Order Markets, 2025, with Boyan Jovanovic (slides).
Price Dislocations: Insights from Trade Repository Data, 2025, with Lucas Saru and Shihao Yu (ESRB Working Paper No 152).
Systemic Risk in Central Clearing: Should Crowded Trades Be Avoided?, 2015 (slides).
Does Central Clearing Affect Price Stability? Evidence from Nordic Equity Markets, 2015, with Emiliano Pagnotta and Marius A. Zoican.
Middlemen Interaction and Its Effect on Market Quality, 2012, with Bart Zhou Yueshen.