Tino Cestonaro

Telephone:

+49 (0)69 798-34678

E-Mail:

cestonaro[at]wiwi.uni-frankfurt[dot]de

Room:

RuW, Room 2.209

Office Hours:

On Appointment

  

Tino Cestonaro completed his undergraduate studies in Economics at the Justus-Liebig university of Gießen with a focus on econometrics and finance. Afterwards, he studied Business Administration at the Goethe University in Frankfurt where he received his master’s degree in March 2020. During his studies, Tino worked as a student assistant at the Chair of Statistics and Econometrics of Prof. Peter Winker. Furthermore, he gained professional experience working at Deka Investment, Deloitte and Catana Capital.

Since April 2020, Tino is a research assistant at the chair of e-Finance. 

Research Interests:

Market Microstructure
Financial Machine Learning
Algorithmic and High-Frequency Trading

 

Publications:

Scientific Journals

Bender, Micha; Cestonaro, Tino; Clapham, Benjamin; Gomber, Peter
A Long-Term Analysis of Research Unbundling: Implications for Research Provision and Market Quality
In: Journal of Business Economics, Vol. 95, No. 2-3, pp. 333-384; 2025
[Find It]

Practitioner Journals

Bender, Micha; Cestonaro, Tino; Gomber, Peter; Koch, Jascha-Alexander
Research Unbundling and COVID-19: Will Europe's Capital Markets Recovery Package Help?
In: Journal of Investing, Vol. 31, No. 1, pp. 96-107;  2021

 

Working Papers

Cestonaro, Tino; Trimpe, Niklas
Efficient or Not? Price Measures in Market Microstructure
In: Working Paper, presented at the 65th Annual Meeting of the Southern Finance Association, Orlando, USA, the 34th Annual Meeting of the European Financial Management Association, Athens, Greece, the Financial Management Association European Conference 2025, Limassol, Cyprus, the 41st International Conference of the French Finance Association, Dijon, France, and the 30th Forecasting Financial Markets Conference, Venice, Italy
[Find It]

Cestonaro, Tino (2024)
High-Frequency Trading and Price Discovery: The Role of Strategic Runs
In: Working Paper, presented at the Financial Management Association European Conference 2025, Limassol, Cyprus, the 65th meeting of the Southern Finance Association 2025, Orlando, USA, the 41st International Conference of the French Finance Association, Dijon, France, the 30th Forecasting Financial Markets Conference, Venice, Italy, and the PhD research seminar 2024, Department of Finance, University of Melbourne; Melbourne, Australia

Cestonaro, Tino; Panz, Sven (2023)
High-Frequency Price Formation in Fragmented Equity Markets
In: Working Paper, presented at Forecasting Financial Markets Conference 2022, Milan, Italy; 2023 Annual Meeting of the European Financial Management Association (EFMA), Cardiff, UK; 2023 Financial Management Association Annual Meeting (FMA), Chicago, US, and 63rd Annual Meeting of the Southern Finance Association (SFA), Fajardo, Puerto Rico.

Bender, Micha; Cestonaro, Tino; Schmidt, Julian
Lead-Lag Relationships in Market Microstructure
In: Working Paper, presented at London, Oxford and Warwick Financial Mathematics Workshop 2023, London, UK; Oxford Man-Institute Seminar 2023, Oxford, UK; Man AHL Seminar 2023, Oxford, UK; and Southwestern Finance Association 2024, Las Vegas, United States
[Find It]

 

Miscellaneous

Trimpe, Niklas; Cestonaro, Tino
Efficient or Not? Price Measures in Market Microstructure
In: efl insights 02/2026
[Find It]

Cestonaro, Tino (2025)
Information Dissemination and Price Formation in Securities Markets
Dissertation Thesis, Goethe-University Frankfurt

Bender, Micha; Cestonaro, Tino; Schmidt, Julian
Lead-Lag Relationships in Market Microstructure
In: efl insights 01/2024; Frankfurt am Main
[Find It]

https://www.eflab.de/fileadmin/Redakteure/efl_Quarterly_Archive/efl-insights-24_01.pdf

 
Top