Hello!

Academic Positions

• University of Mannheim, Assistant Professor / Postdoctoral Researcher (since 2020)

• Frankfurt School of Finance and Management, Adjunct Lecturer (since 2022)

Previous Positions

• University of Mannheim, Research and Teaching Assistant (2014 - 2020)

• Research Center SAFE, Goethe University Frankfurt, Research Assistant (2016 - 2018)

Visiting and External Positions

• Cardiff Business School, Visiting Academic (2023/05-06)

• University of Technology Sydney, Visiting Researcher (2019/04)

• European Securities and Markets Authority (ESMA), External Researcher (2018/10-12)

• Norwegian School of Economics and Business Administration (NHH), Visiting Student (2010/08-12)

Education

• Ph.D. in Finance (University of Mannheim, 2020)

• M.Sc. Business Administration, concentration in Finance (University of Mannheim, 2014)

• B.Sc. Economics, concentration in Econometrics (University of Mannheim, 2011)

SSRN   Google Scholar   ORCID iD 

Research

Publications

• Non-Standard Errors (with A. Menkveld, A. Dreber, and many more. I contributed as a member of a research team). Journal of Finance (forthcoming)

• Central Bank Speeches and Digital Currency Competition. Finance Research Letters (2022)

• Understanding Bitcoin Liquidity. Finance Research Letters (2021)

• Liquidity in the German Stock Market (with T. Johann, E. Theissen, C. Westheide, and L. Zimmermann). Schmalenbach Business Review (2019)
  Media Coverage: Institutional Money 

Working Papers

• Broker Colocation and the Execution Costs of Customer and Proprietary Orders (with S. Sagade and C. Westheide). SAFE Working Paper No. 366

• A Tale of Two Cities – Inter-Market Latency, Market Integration, and Market Quality (with S. Sagade, E. Theissen and C. Westheide)

• The Effects of Post-Trade Transparency in Equity Markets: Evidence from MiFID Large Trade Disclosure Rules (with C. Westheide)

• Intraday Herding and Attention Around the Clock (with Y. Shi)

• Bitcoin Blackout - Proof-of-Work and the Risks of Mining Centralization (with Y. Shi)

• High-frequency Tweeting and Market Making After Hours

• Fan Tokens: Sports and Speculation on the Blockchain (with M. Scharnowski and L. Zimmermann)

• Liquid Staking: Basis Determinants and Price Discovery (with Hossein Jahanshahloo)

Conference and Seminar Presentations

[2023] Ghent Workshop on Fintech [2022] Bonn Workshop on Digital Currencies°, UWA Blockchain and Cryptocurrency Conference, Cardiff Fintech Conference, Cryptocurrency Research Conference (Durham), Financial Engineering and Banking Society Conference (Portsmouth), QMUL Behavioural Finance Working Group Annual Conference*, French Finance Association (Saint-Malo, 2x), Spring Meeting of Young Economists* (Orleans), Economics of Financial Technology Conference (Edinburgh, 2x), CryptoAssets and Digital Asset Investment Conference (Rennes, 3x)  [2021]  UWA Blockchain and Cryptocurrency Conference, Crypto Asset Lab Conference (Milan), Annual Financial Market Liquidity Conference (Budapest), German Finance Association (Innsbruck), Cryptocurrency Research Conference (2x), World Finance Conference (2x) [2020] Goethe University Frankfurt Finance Brownbag [2019] FIRN Microstructure Meeting (Sydney), University of Technology Sydney Finance Brownbag, Future of Financial Information Conference* (Stockholm), University of Vienna Finance Brownbag*, German Finance Association (Essen, 2x), Paris December Finance Meeting [2018] RGS Doctoral Conference in Economics, Goethe University Frankfurt Finance Brownbag [2017] Augustin Cournot Doctoral Days (Strasbourg) [2016] Annual Financial Market Liquidity Conference (Budapest), Doctoral Meeting of Montpellier, German Finance Association (Bonn), Goethe University Frankfurt Finance Brownbag, SAFE Microstructure Workshop [2015] University of Bonn*, HVB Doctoral Meeting Südwest

Includes scheduled, presentations by co-authors (*), and discussion-only (°)

Datasets

• Market Microstructure Database Xetra (with T. Johann, E. Theissen, C. Westheide, and L. Zimmermann)

One problem faced by researchers interested in liquidity is that measuring it oftentimes requires intraday high-frequency data. Such datasets are expensive and, because of their size, hard to work with. We address this problem for the German equity market by providing a database that contains various daily market-microstructure measures of liquidity on the stock level for all stocks contained in the CDAX index from 1999 to 2013 traded on Xetra. The database is available free of charge to qualifying researchers. Find out more here: https://www.ifk-cfs.de/research/databases/market-microstructure-database-xetra.html 

(We gratefully acknowledge financial support from the German Science Foundation (DGF) under grant TH 724/6-1. “Xetra” and “CDAX” are registered trademarks of Deutsche Börse AG.)

Service to the Profession

Refereeing for Journals

• Applied Economics Letters, Economics Letters, Finance Research Letters, Financial Innovation, International Review of Economics and Finance, International Review of Financial Analysis, Journal of Behavioral and Experimental Finance, Journal of Sports Economics

Refereeing for Conferences

• Spring Meeting of Young Economists

Other Activities

• Member of the Jury at the German Startup Cup for FinTechs during Seasons 2021/2022 and 2023

Teaching

Graduate Teaching

• Financial Management (Lecture, 2022 - 2023)

• FinTech (Lecture, 2021 - 2022)

• Stata in Finance (Lecture, 2016 - 2023)

• Investments (Lecture, 2020)

• Empirical Finance (Exercise sessions, 2018 - 2023)

• Decision Analysis (Exercise sessions, 2014 - 2015)

• Seminar on Empirical Finance (2016 - 2023)

• Seminar on Climate Finance (2021)

• Seminar on Market Microstructure (2017)

Undergraduate Teaching

• Financial Mathematics (Tutorial sessions, 2009 – 2012)

• Investments and Asset Pricing (Tutorial sessions, 2013)

Thesis Supervision

• Recent Examples Graduate: Tokenized Stocks; Price Discovery on Decentralized Exchanges; Volatility Patterns in Cryptocurrencies; Understanding Asymmetric FX Volatility around the World; OTC Trading Around Large Institutional Orders; Order Flow Toxicity, Informed Trading, and Transparency

• Recent Examples Undergraduate: Blockchain Applications in Finance; Meme Numbers and Cryptocurrency Trading; InsurTech; Crowd Finance and Social Trading; Central Bank Digital Currencies; RegTech; Liquidity and Efficiency of Carbon Emissions Trading; Social Media and Financial Markets; Sports Events and Financial Markets; International Commonality in Liquidity; Transaction Costs of Institutional Investors