Financial Market Microstructure

Roland Mestel (principal investigator)

Viktoria Steffen (PhD student, project member)

Erik Theissen (project member)

Corinna Uhlenkamp (PhD student, project member)


Funding source: Anniversary Fund of the Austrian National Bank (OeNB), project number 17789

Funding amount: € 105,000

Duration: 03/2019-02/2022


This project studies the way securities are actually traded on financial markets with a special focus on market liquidity and efficiency. The main research areas include: (i) An in-depth analysis of the liquidity of the Austrian stock market, based on “Finance Research Graz Data Services” (FiRe Graz DS),(ii) Algorithmic and high-frequency trading, (iii) Market reactions to news.