Automation of financial markets

“Toxic Arbitrage”, with Roman Kozhan and Wing Wah Tham. Review of Financial Studies 30, 1053-1094, 2017.

“News Trading and Speed”  with Johan Hombert and Ioanid Rosu. Journal of Finance, 71, 335-382, 2016.

“Equilibrium Fast Trading”, with Bruno Biais and Sophie Moinas, Journal of Financial Economics, 116, 292-313, 2015.

“Market Making with Costly Monitoring: An Analysis of the SOES Controversy”, with Patrik Sandas and Ailsa Roell, Review of Financial Studies, 16, 345-384; 2003