EC911-7-AU-CO:
Computational Market Microstructure for FinTech and the Digital Economy

The details
2023/24
Economics
Colchester Campus
Autumn
Postgraduate: Level 7
Current
Thursday 05 October 2023
Friday 15 December 2023
20
23 October 2023

 

Requisites for this module
(none)
(none)
EC910
(none)

 

(none)

Key module for

MSC N35012 Algorithmic Trading,
MSC N3C112 Financial Technology (Finance),
MSC N3C124 Financial Technology (Finance),
MSC N3L112 Financial Technology (Economics),
MSC N3CL12 Financial Technology (Computer Science)

Module description

This module will equip students with the principles of mechanism design and market microstructure, especially in the context of the digital economy and electronic markets.


The foundations of FinTech, digital currencies such as cyptocurrencies that operate on the principle of the blockchain, and high frequency algorithmic trading in the electronic stock market environment will be covered in detail. The software applications, both simulated and data base driven, will be used to illustrate how the traders and other participants interact with one other and also respond to the institutional rules of the game for the above-mentioned digital markets.

Module aims

The aim of this module is:



  • To equip the student with principles of mechanism design and market microstructure, especially in the context of the digital economy and electronic markets.

Module learning outcomes

By the end of this module, students will be expected to be able to:



  1. Have acquired the relevant knowledge and skills for operationalizing the principles of market and mechanism design under conditions of complexity and interaction of large numbers of heterogeneous agents.

  2. To deal with challenges posed by FinTech, digital currencies and high frequency electronic trading institutions of the 21st century.

Module information

The course is primarily taught by Prof.Sheri Markose along with the visiting lecturer Roxana Mohammadian-Molina.


Roxana Mohammadian-Molina is a successful entrepreneur and FinTech practitioner, especially in the area of P2P Lending. The latter will be the area that she will be cover in the autumn term.

Learning and teaching methods

This module will be delivered via:

  • One lecture per week.
  • One class per week.
  • One lab per week.

Bibliography

This module does not appear to have any essential texts. To see non - essential items, please refer to the module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Coursework weighting
Coursework   Term Paper   26/01/2024  100% 
Exam  Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period) 
Exam  Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period) 

Exam format definitions

  • Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
  • In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
  • In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
  • In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary, for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.

Your department will provide further guidance before your exams.

Overall assessment

Coursework Exam
50% 50%

Reassessment

Coursework Exam
50% 50%
Module supervisor and teaching staff
Prof Sheri Markose, email: scher@essex.ac.uk.
Lectures and Labs: Prof. Sheri Markose
For further information, send an email message to pgteco@essex.ac.uk.

 

Availability
No
No
No

External examiner

Dr Domenico Moro
university of Birmingham
Lecturer
Resources
Available via Moodle
Of 38 hours, 32 (84.2%) hours available to students:
6 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s), module, or event type.

 

Further information
Economics

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