16th Annual Central Bank Conference on the Microstructure of Financial Markets 2021 | Swiss National Bank | 7 October 2021 | TBA, Zurich, Switzerland

This annual central bank workshop invites researchers, policy-makers and practitioners to discuss theoretical work, empirical findings and policy implications related to the microstructure of financial markets. Financial market microstructure may influence, and be affected by, central banks’ policies. Papers addressing the interaction between policy design and financial markets would be particularly welcomed. However, studies in all areas of market microstructure are encouraged and the following non-exhaustive list of topics provides some guidelines for specific areas of interest:

• Price discovery and market impact in fragmented markets
• Price discovery and market impact in fragmented markets
• Liquidity provision and flash eventsPrice discovery and market impact in fragmented markets
• Machine learning and microstructure analysisiv)Information disclosure and market liquidity
• The functioning of OTC markets
• Central counterparty clearing and financial stability
• The impact of prudential regulation on market liquidity
• Impacts of non-standard monetary policy measures on market microstructure
• The impact of Fintech on market microstructure
• The impact of “Covid-19 Crisis” on market microstructure

2021 Speakers

Thierry Foucault
HEC Foundation Chaired Professor of Finance

Robert Almgren
Co-Founder and Head of Research, Quantitative Broker