Tino Cestonaro


+49 (0)69 798-34678




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



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; De Paolis, Jonas; Panz, Sven (2022)
High-Frequency Price Formation in Fragmented Equity Markets
In: Working Paper, presented at the Forecasting Financial Markets Conference; Milan, Italy