8th Sydney Market Microstructure and Digital Finance Meeting
December 9-10, 2026 - Sydney, Australia.
The Market Microstructure Meeting forms part of the Financial Research Network (FIRN) program of topic-specific research meetings designed to extend the body of knowledge within a specific research area through the presentation and discussion of cutting edge research and the building of stronger networks.
From Traditional to Decentralized Financial Markets
KEYNOTE SPEAKER:
Professor Joel Hasbrouck, Stern – New York University
MEETING OVERVIEW:
This two-day meeting brings together researchers, industry practitioners, and policymakers to discuss frontier research and emerging issues in the microstructure of both traditional and digital financial markets. The conference will be held in-person in Sydney, Australia on December 9 and 10, 2026.
We invite submissions of empirical, theoretical, and experimental papers from all areas in market microstructure and digital finance, including but not limited to:
Design of traditional and digital financial markets
Liquidity, price efficiency, and integrity of traditional and digital markets
Algorithmic and high-frequency trading
Fragmentation of trading across venues
Market surveillance and regulatory challenges in digital markets
DeFi infrastructure (blockchain, smart contracts, oracles, and tokenization)
DeFi/FinTech applications (DEXs, AMMs, NFTs, and tokenized securities)
CONFERENCE FORMAT
The meeting will feature academic paper presentations with discussants, a keynote presentation by Professor Joel Hasbrouck (Stern – New York University), an industry panel, and social functions.
The conference will also include a dedicated PhD student poster session, designed to showcase high-quality doctoral research. PhD students selected for this track need to prepare a research poster. The session will be structured in two parts: a brief spotlight presentation of the poster’s key insights; followed by an interactive session where conference participants can engage directly with presenters in a more informal setting. This format is designed to enhance visibility and foster deeper discussion during the poster session and networking breaks. A best PhD Poster Prize will be awarded. We strongly encourage PhD students to submit their work to this session.
All presentations must be delivered in person at the conference venue. Online presentations will not be an option, and the conference will not be streamed or recorded for online access. All presenters and discussants are required to attend the event in Sydney to ensure engagement and interaction among participants.
ORGANISATION
The meeting is hosted by the Financial Research Network (FIRN), the Digital Finance Cooperative Research Centre, and the University of Technology Sydney (UTS).
This meeting is part of the FIRN program of topic-specific research meetings. Previous programs can be found at: https://firn.org.au/intensive-researchmeetings/market-microstructure-meeting/
For further information about the meeting, contact the organizing committee chair:
Ester Felez-Vinas at ester.felezvinas@uts.edu.au
ORGANISATION
The meeting is hosted by the Financial Research Network (FIRN), the Digital Finance Cooperative Research Centre, and the University of Technology Sydney (UTS).
This meeting is part of the FIRN program of topic-specific research meetings. Previous programs can be found here.
For further information about the meeting, contact the organizing committee chair:
Ester Felez-Vinas at ester.felezvinas@uts.edu.au
ORGANISING COMMITTEE
Ester Felez-Vinas (UTS and DFCRC)
David Michayluk (UTS)
Talis Putnins (UTS and DFCRC)
Ester Felez-Vinas (UTS and DFCRC)
David Michayluk (UTS)
Talis Putnins (UTS and DFCRC)
PROGRAM COMMITTEE:
Jonathan Brogaard (University of Utah)
Agostino Capponi (Columbia University)
Giovanni Cespa (Bayes Business School)
Bjorn Hagstromer (Stockholm Business School)
Vincent van Kervel (Universidad de los Andes)
Roman Kozhan (University of Warwick)
Bernt Arne Odegaard (University of Stavanger)
Maureen O’Hara (Cornell University)
Roberto Pascual (University of the Balearic Islands)
Gideon Saar (Cornell University)
Fahad Saleh (University of Florida)
Andriy Shkilko (University of Georgia)
Ingrid Werner (Ohio State University)
Bart Yueshen (Singapore Management University)
Marius Zoican (University of Calgary)
CLICK HERE TO SUBMIT YOUR PAPER
SUBMISSION DEADLINE
June 15, 2026 (23:59 EST).
Participants will be notified by mid-August, 2026.
PAPER SUBMISSION PROCEDURE
Authors submitting to the regular track should include: (i) an anonymous version of the paper (blind), and (ii) a version including author details (non-blind). Please indicate which author would present the paper. There is no submission fee and no conference fee.
PhD students wishing to participate in the poster session should select the PhD student track when submitting their paper.
KEYNOTE SPEAKER:
Professor Joel Hasbrouck,
Stern – New York University
Joel Hasbrouck is the Kenneth G. Langone Professor of Business Administration and a Professor of Finance at the Stern School of Business, New York University. He specializes in market microstructure: the analysis, design and regulation of trading mechanisms for securities. He is the author of Empirical Market Microstructure (Oxford Press) and numerous articles. He is an Associate Editor at the Journal of Financial Econometrics, an Advisory Editor at the Journal of Financial Markets, and a Fellow of the Society of Financial Econometrics. In addition to teaching at Stern, he has served as a consultant, resident scholar, or advisory board member to the New York and American Stock Exchanges, Nasdaq-OMX, the Federal Reserve Bank of New York, the Securities and Exchange Commission, the Commodities Futures Trading Commission, and other private and government institutions. He holds a Ph.D. from the University of Pennsylvania and a B.S. in Chemistry from Haverford College.