Subject
2 entries
Market Microstructure
Bookmarks
Market Making (Lecture Notes 04a)
Lecture notes (module 4a) on market making — the practice of continuously quoting bid and ask prices to provide liquidity in financial markets, managing inventory risk and adverse selection in exchange for earning the spread. A core topic in market microstructure theory with direct practical application in algorithmic trading and quantitative finance.
Maximal Extractable Value and Constant Function Market Makers
Research paper analyzing maximal extractable value (MEV) in the context of constant function market makers (CFMMs) like Uniswap. It formalizes how miners/validators can capture value by reordering, inserting, or censoring transactions, with implications for CFMM mechanism design.