Marius ZoicanDealing with micro-bursts: A congestion fee for high-speed marketsA message congestion fee that targets micro-bursts can simultaneously improve liquidity, as well as reduce the risk of a congested market.May 22, 2020May 22, 2020
Marius ZoicanThe value of ETF liquidityETFs tracking the same index charge different fees. Also, more expensive ETFs seem to attract more investors. Why? Better liquidity.Mar 26, 2020Mar 26, 2020
Marius ZoicanDistributed Exchanges and FragmentationCan we sustain a single distributed exchange across geographic regions?Oct 24, 2019Oct 24, 2019
Marius ZoicanDo exchange “speed bumps” curb the HFT arms’ race?Asymmetric speed bumps partially reduce investment in low-latency technology, with longer delays having a stronger impact.Oct 7, 2019Oct 7, 2019
Marius ZoicanLiquid trading speed on decentralized exchangesSurge pricing of low-latency technology can reduce high-frequency trading externalities.Jul 25, 2019Jul 25, 2019
Marius ZoicanIs stock analyst coverage too “crowded?”The most-covered 5% of U.S. equity account for more than 25% of analyst coverage.Apr 25, 2019Apr 25, 2019
Marius ZoicanAre zero-fee funds truly “free”?Asset managers, particularly passive investment firms, race towards offering zero-fee funds. On August 1st 2018, Fidelity Investments —…Dec 5, 2018Dec 5, 2018