The value chain in securities trading
Research:
1. Theory and practice of international securities markets
• Market models and market microstructure
• Exchanges and securities trading
• Electronic markets and trading systems
2. Impact of regulatory changes on financial markets and financial institutions
• “Markets in Financial Instruments Directive” (MiFID)
• “Regulation National Market System” (RegNMS)
3. Transformation of intermediation relationships on financial markets
• Institutional Brokerage
• Order-Channel Management
• Best Execution and transaction cost analysis
• Development of cross-border post-trade services
4. Innovative concepts and technologies in brokerage and trading
• Pricing Engineering
• Block Trading
• Algorithmic Trading