Financial Market Structure
Financial market structure is about how legislation, technology, and trading rules and traditions influence trading strategies and market quality, such as efficiency and liquidity.
Efficiency and liquidity are often taken for granted in financial economic theory, but in reality, they vary considerably, both over time and across assets (for example stocks, bonds, and derivatives). This course aims to provide students with a basic understanding of how variation in the market structure affects market quality
and trading strategies, such as market making, arbitrage, and block trade execution.
The course combines basic theoretical and empirical concepts with current issues in the field. In addition to lectures and seminars based on the textbook and academic articles, the course includes quantitative analysis of
high-frequency market data, as well as several guest lectures.
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Course structure
Teaching format
The teaching consists of lectures and seminars and requires a significant portion of self-study on the part of students.
The course workload is 200 hours, equivalent to 7,5 higher education credits.
The language of instruction is English.
The teaching takes place on campus and online.
For more detailed course information, see the study guide, published on the learning platform when the course commences.
Assessment
Assessment for the course will be continuous and is carried throughout the different course activities. Each assessment task is weighted in relation to its importance in the overall assessment of the course. The student’s results from the different assessment tasks are added up to a total course score that will then translate into the final grade for the course.
The course’s assessment criteria, which serve as support for the assessment of the course’s assessment tasks, are announced at the start of the course.
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Schedule
The schedule will be available no later than one month before the start of the course. We do not recommend print-outs as changes can occur. At the start of the course, your department will advise where you can find your schedule during the course. -
Course literature
Note that the course literature can be changed up to two months before the start of the course. -
Course reports
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Contact
Course Coordinator: coursecoordinator@sbs.su.se
Head of Course: Björn Hagströmer
