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.

Associate Professor
About

Trading @ the Close (2021)

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 (2021 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 interests

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.

Working papers
Rindi, Barbara; Werner, Ingrid Margareta; Buti, Sabrina; Wen, Yuanji
Management Science 2022
Comerton-Forde, Carole; Rindi, Barbara
2021
Riccò, Roberto; Rindi, Barbara; Seppi; Duane J.
2021
Panayides, Marios A.; Rindi, Barbara; Werner, Ingrid Margareta
2021
Riccò, Roberto; Rindi, Barbara; Seppi, Duane J.
2020
Rindi, Barbara; Werner, Ingrid Margareta
2019
Selected Publications

I teach to undergraduate, master, and Ph.D. students. I also act as supervisor for several Internal (IGIER) Internships where I introduce students to research.