Barbara Rindi
I am an Associate Professor of Economics at Bocconi University, where I am a Fellow of the Innocenzo Gasparini Institute for Economics Research (IGIER) and of Baffi Carefin. My work has been published in a number of academic journals, including the Journal of Financial Economics, Management Science (forthcoming), the Review of Finance, and the Journal of Financial Intermediation. I co-authored The Microstructure of Financial Markets, a textbook published by Cambridge University. I am Associate Editor of the Journal of Financial Markets. I also act as supervisor for several Internal (IGIER) Internships where I introduce students to research.
Trading @ the Close (2022 version forthcoming)
In light of the growing concern of regulators about the substantial increase in closing auction volumes around the world, we find no evidence that increases in auction activity in Europe harm market quality during continuous trading. These results differ from findings in the US markets where a different type of closing auction mechanism is used.
Information, Liquidity and Dynamic Limit Order Markets (2022 version forthcoming)
This paper includes a closed-form solution for a two-period model of the limit order book with asymmetric information, representing a significant step in the modeling of a limit order book with asymmetric information.
Research: SSRN Author page.
My research interests are on market microstructure, financial market regulation, and market design. My most recent papers are on modeling trading (limit order books) under asymmetric information, the relevance of trading frictions (tick size and trading fees), competition between lit and dark markets, and closing auction volumes.
Undisclosed orders and optimal submission strategiesin a limit order market
Journal of Financial Economics, 2013The Effect of a Closing Call Auction on Market Quality and Trading Strategies
Journal of Financial Intermediation, 2012Market makers as information providers: The natural experiment of STAR
Journal of Empirical Finance, 2010Informed Traders as Liquidity Providers: Anonymity, Liquidity and Price Formation
Review of Finance, 2008I teach to undergraduate, master, and Ph.D. students. I also act as supervisor for several Internal (IGIER) Internships where I introduce students to research.