Welcome to the Website of the Chair of e-Finance
back from left: Micha Bender, Abdellatif Bouazi, Maximilian Böhm, Tino Cestonaro front from left: Dr. Benjamin Clapham, Julian Schmidt, Jasmin Bajrektarevic, Jonas De Paolis, Prof. Dr. Peter Gomber, Hassib Abidy
Dr Michael Siering was able to achieve a successful placement in the well-known business administration research ranking of WirtschaftsWoche, which lists the most research-intensive German-speaking business economists every two years. In the category "Business economists under 40 with strong research skills" he ranked 22nd. This corresponds to a placement in the top 5% of the listed researchers.
Dr. Benjamin Clapham and Dr. Jens Lausen are co-authors of the first crowd-based empirical study in finance, which has just been accepted for publication in the prestigious Journal of Finance. The project involved over 164 researcher teams, among them some of the world-leading scholars in this field. The task of the research teams was to test identical hypotheses on the same data set. Due to the large number of decisions researchers have to make in the evidence-generating process, the results of the research teams vary significantly and thus generate another level of uncertainty in addition to statistical errors. The paper entitled "Non-Standard Errors" shows that these errors are significant, but are reduced by adding peer review phases. Non-standard errors are lower for more reproducible and better rated research. The study also finds that the participating scientists underestimate this type of additional uncertainty. For more information on the project, click here.
A position as Research Assistant is offered until filled. We are looking forward to your application.
The renowned “Journal of Financial Markets” (see: doi.org/10.1016/j.finmar.2023.100816) has published the paper “Spoilt for choice: Determinants of market shares in fragmented equity markets” by the research team Peter Gomber, Satchit Sagade, Erik Theissen, Moritz Christian Weber, and Christian Westheide. The authors analyze the determinants of trading volumes of different trading mechanisms in equity markets and find that market shares are driven by the degree of immediacy and anonymity offered by the venues, their ability to offer off-tick executions, as well as the informational environment and conditions in the market.
Prof. Dr Peter Gomber was elected for three more years as a member of the Exchange Council at the Frankfurt Stock Exchange (FSE). The Exchange Council is a key forum for discussing fundamental issues and developments at the FSE. Among other things, the Exchange Council is responsible for the appointment, withdrawal and supervision of the executive management. Furthermore, it issues the Exchange Rules, the Fee Regulations and the Conditions for Transactions on the Exchange. Prof. Dr. Gomber is a member of the Council since 2011. Further information can be found here.
The Chair of e-Finance
The Chair of Business Administration, especially e-Finance at the Faculty of Economics and Business Administration deals with fundamental and current questions regarding electronic financial services and electronic securities trading in particular.
Our activities in research and teaching include all facets of e-Finance, which range from customer interfaces in electronic banking and brokerage over market intermediaries to business models, infrastructure and technical concepts for electronic markets.
With all activities in research and joint projects with our partners in practice, we intend to contribute to the evolution of electronic financial markets. Hereby, we evaluate and develop new market mechanisms, new intermediary relations and opportunities for applying new concepts in IT.
In teaching, we communicate to our students a comprehensive know how and deepened understanding of the economic and technical realities of electronic financial markets. Furthermore, we would like to enable our students to take up ambitious and challenging jobs in the financial industry.