team

E-Finance Lab Team

Dr. Markus Gsell

Organizations:

  • Professur für Betriebswirtschaftslehre, insbesondere e-Finance

Projects:

  • E-Finance Lab - Layer 2

Homepage: http://efinance.wiwi.uni-frankfurt.de/index.php?id=199

Publications | Presentations

Publications:

2014

Weber, M.; Gsell, M. (2014)

Agile Market Models - Design and Evaluation of efficient Structures for a mass-customizable Market Platform

In: Multikonferenz Wirtschaftsinformatik (MKWI); Paderborn, Germany

Category: Proceedings

Reference No.: 2014-2110

2011

Gomber, P.; Gsell, M.; Lutat, M. (2011)

Competition among electronic markets and market quality

In: Working Paper; presented at the 2011 Eastern Finance Association (EFA) Annual Meetings; Savannah, GA, USA and the 14th Conference of the Swiss Society for Financial Market Research (SGF); Zurich, Switzerland

Category: Proceedings [Find it]

Reference No.: 2011-1775

Gomber, P.; Gsell, M.; Lutat, M. (2011)

The quality of European equity markets after MiFID

In: Lazzari, V. (Ed.), Trends in the European Securities Industry; EGEA, Milan, pp. 179-200

Category: Book

Reference No.: 2011-1774

Gomber, P.; Gsell, M. (2011)

The emerging landscape in European securities trading

In: Lazzari, V. (Ed.), Trends in the European Securities Industry; EGEA, Milan, pp. 97-133

Category: Book

Reference No.: 2011-1701

2010

Gsell, M. (2010)

Essays on Algorithmic Trading

In: Ibidem-Verlag; Hannover

Category: Book [Find it]

Abstract

Reference No.: 2010-1666

2009

Gsell, M. (2009)

Essays on Algorithmic Trading

Category: Dissertation thesis

Reference No.: 2009-1714

Gomber, P.; Gsell, M.; Pujol, G.; Wranik, A. (2009)

Regulation and Technology in Equity Trading – The Impact of Regulatory and Technological Changes on Order Execution and the Trading Venue Landscape in Europe

In: Engelen, P.-J. and Lannoo, K. (Eds.) "Facing New Regulatory Frameworks in Securities Trading in Europe"; Intersentia and Centre for European Policy Studies (CEPS), pp. 31-54

Category: Chapter in book

Reference No.: 2009-1567

Gomber, P.; Ende , B.; Gsell, M. (2009)

Order Handling of Institutional Investors

In: Journal of Trading, Volume 4, No. 4, pp. 10-31

Category: Publications in journals

Reference No.: 2009-1488

Gomber, P.; Gsell, M. (2009)

Catching Up with Technology: The Impact of Regulatory Changes on ECNs/MTFs and the Trading Venue Landscape in Europe

In: Markets in Financial Instruments Directive - A Competitive Landscape, Eds.: Bala Bharathi Y, Lingisetti Venu, pp. 145-170; ICFAI Books, Hyderabad, India

Category: Book [Find it]

Reference No.: 2009-1389

Gomber, P.; Gsell, M. (2009)

A New Basic Law for Securities Trading in Europe

In: Markets in Financial Instruments Directive - A Competitive Landscape, Eds.: Bala Bharathi Y, Lingisetti Venu, pp. 3-11; ICFAI Books, Hyderabad, India

Category: Book [Find it]

Reference No.: 2009-1388

Gsell, M. (2009)

Technological Innovations in Securities Trading: The Adoption of Algorithmic Trading

In: Proceedings of the 13th Pacific Asia Conference on Information Systems (PACIS); Hyderabad, India

Category: Proceedings

Reference No.: 2009-1328

Gomber, P.; Ende , B.; Gsell, M. (2009)

Order Handling of Institutional Investors

In: EFL Quarterly 02/2009, pp. 6-8; Frankfurt

Category: Other publications

Reference No.: 2009-1306

Gomber, P.; Groth, S.; Gsell, M. (2009)

Algorithmischer Handel auf Finanzmärkten - Handels- und Orderabgabeverhalten von Computern versus menschlichen Händlern

In: Zeitschrift für das gesamte Kreditwesen, Ausgabe Technik 2-2009, pp. 11-14; Frankfurt

Category: Publications in scientific journals

Reference No.: 2009-1305

Gsell, M.; Gomber, P. (2009)

Algorithmic trading engines versus human traders – Do they behave different in securities markets?

In: 17th European Conference on Information Systems (Newell S, Whitley EA, Pouloudi N, Wareham J, Mathiassen L eds.), pp. 98-109; Verona, Italy

Category: Proceedings

Reference No.: 2009-1282

Gomber, P.; Ende , B.; Gsell, M. (2009)

Order Handling of Institutional Investors

In: Study Report

Category: Miscellaneous

Reference No.: 2009-1262

Gsell, M. (2009)

Algorithmic Activity on Xetra

In: Journal of Trading, Volume 4, No. 3, pp. 74-86

Category: Publications in journals

Reference No.: 2009-1232

Gsell, M.; Gomber, P. (2009)

Algorithmic trading engines versus human traders – Do they behave different in securities markets?

In: 12th Conference of the Swiss Society for Financial Market Research (SGF); Geneva, Switzerland

Category: Proceedings

Reference No.: 2009-1059

Gsell, M. (2009)

Algorithmic Activity on Xetra

In: Campus for Finance Research Conference 2009; WHU - Otto Beisheim School of Management, Vallendar

Category: Proceedings

Reference No.: 2009-1211

2008

Gsell, M. (2008)

Assessing the impact of Algorithmic Trading on markets: A simulation approach

In: CFS, EFL and DBAG Research Conference "The Industrial Organisation of Securities Markets: Competition, Liquidity and Network Externalities" (CFS Working Paper Series 2008/49); Frankfurt

Category: Proceedings

Reference No.: 2008-1243

Gomber, P.; Gsell, M. (2008)

Evolution der Anforderungen an die IT im Börsenhandel

In: "Technik / IT für Finanzdienstleister“, Zeitschrift für das gesamte Kreditwesen, 2/2008, pp. 13-16; Frankfurt

Category: Publications in scientific journals

Reference No.: 2008-977

Gomber, P.; Gsell, M. (2008)

Algorithmic Trading

In: "Geld&Brief", Kundenmagazin der Börsen Hamburg und Hannover, 2/2008, pp. 8-9; BÖAG Hannover

Category: Other publications

Reference No.: 2008-976

Ende , B.; Gsell, M. (2008)

Investigating the Buy-Side’s Adoption Decision for Technology-Driven Execution Opportunities - An extension of TAM for an organizational adoption context

In: 16th European Conference on Information Systems (Golden W, Acton T, Conboy K, van der Heijden H, Tuunainen VK eds.), 1262-1273; Galway, Ireland

Category: Proceedings

Reference No.: 2008-875

Gsell, M. (2008)

Assessing the impact of Algorithmic Trading on markets: A simulation approach

In: 16th European Conference on Information Systems (Golden W, Acton T, Conboy K, van der Heijden H, Tuunainen VK eds.), 587-598; Galway, Ireland

Category: Proceedings

Reference No.: 2008-874

2007

Gsell, M. (2007)

Algorithmic Trading and its Impact on Markets

In: EFL Quarterly 04/2007, pp. 4-5

Category: Publications in scientific journals

Reference No.: 2007-847

Gomber, P.; Chlistalla, M.; Gsell, M.; Pujol, G.; Steenbergen, J. (2007)

Umsetzung der MiFID in Deutschland - Empirische Studien zu Status Quo und Entwicklung der MiFID-Readiness der deutschen Finanzindustrie

In: Books on Demand GmbH; Norderstedt

Category: Book [Find it]

Abstract

Reference No.: 2007-793

Gomber, P.; Chlistalla, M.; Gsell, M.; Pujol, G. (2007)

Status und Entwicklung der MiFID-Umsetzung in der deutschen Finanzindustrie

In: Zeitschrift für Bankrecht und Bankwirtschaft (ZBB), 4/2007, pp. 313-324; Köln

Category: Publications in scientific journals

Reference No.: 2007-785

Gomber, P.; Chlistalla, M.; Gsell, M.; Pujol, G. (2007)

Ist Deutschland „ready“ für die MiFID?

In: BankPraktiker, Issue 07B, pp. 8-9

Category: Publications in journals

Reference No.: 2007-757

Gomber, P.; Chlistalla, M.; Gsell, M.; Pujol, G. (2007)

Die Umsetzung der MiFID “Markets in Financial Instruments Directive“ in der deutschen Finanzindustrie - Auswertung der 2. MiFID-Studie (März 2007)

Category: Miscellaneous [Password Protected Download] (Please contact the author)

Reference No.: 2007-554

Gomber, P.; Gsell, M. (2007)

Catching up with technology – The impact of regulatory changes on ECNs/MTFs and the trading venue landscape in Europe

In: Automated Trader Magazin (online-only Bootstrap section)

Category: Other publications

Reference No.: 2007-464

Gomber, P.; Gsell, M.; Reininger, C. (2007)

MiFID-Readiness - Die Umsetzung der MiFID “Markets in Financial Instruments Directive“ in der deutschen Finanzindustrie

In: Proceedings of the 8. Internationale Tagung Wirtschaftsinformatik (WI 2007), vol. 2, pp. 741-758; Karlsruhe 2007

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2007-342

2006

Gsell, M.; Lutat, M.; Steenbergen, J. (2006)

NYSE Hybrid Market Model – Implikationen für den deutschen Finanzmarkt

In: Working Paper

Category: Working papers

Reference No.: 2006-577

Engelen, P.; Gomber, P.; Gsell, M. (2006)

Facing New Regulatory Frameworks in Securities Trading

In: Competition and Regulation in Network Industries; Volume 1, No. 4, December 2006, Special Issue on The Future of Alternative Trading Systems and ECNs in Global Financial Markets, pp. 487-496.

Category: Publications in scientific journals [Password Protected Download] (Please contact the author)

Reference No.: 2006-504

Gsell, M. (2006)

Is Algorithmic Trading distinctively different? - Assessing its behaviour in comparison to informed, momentum and noise traders

In: Narender, Vunyale; Malhotra, D K (ed): Advances in Business and Finance Studies, The ICFAI University Press, pp. 1-19; Hyderabad, India (Proceedings of the International Conference on Business and Finance 2006)

Category: Chapter in book [Password Protected Download] (Please contact the author)

Reference No.: 2006-437

Gomber, P.; Reininger, C.; Gsell, M.; Ende , B. (2006)

Is the German financial industry ready for MiFID?

In: EFL Quarterly, pp. 4-5.

Category: Other publications

Reference No.: 2006-355

Gomber, P.; Gsell, M. (2006)

Catching up with technology – The impact of regulatory changes on ECNs/MTFs and the trading venue landscape in Europe

In: Competition and Regulation in Network Industries; Volume 1, No. 4, December 2006, Special Issue on The Future of Alternative Trading Systems and ECNs in Global Financial Markets, pp. 535-557

Category: Publications in scientific journals [Password Protected Download] (Please contact the author)

Reference No.: 2006-85

Gomber, P.; Gsell, M. (2006)

A new basic law for securities trading in Europe

In: Handbook of World Stock, Derivative and Commodity Exchanges , pp. XXIII - XXV; London

Category: Chapter in book [Password Protected Download] (Please contact the author)

Reference No.: 2006-83

2005

Gomber, P.; Gsell, M.; Wranik, A. (2005)

Algorithmic Trading - Maschinen auf Finanzmärkten

In: Die Bank, Sonderausgabe zur E.B.I.F. (European Banking & Insurance Fair) 2005, S. 40 - 45

Category: Publications in journals

Reference No.: 2005-224

Presentations:

2010

18. January

Gomber, P.; Groth, S.; Gsell, M.; Muntermann, J.

Workshop Lehrstuhl für Informations- und Technologiemanagement Universität des Saarlandes

In: Universität des Saarlandes; Saarbrücken

2009

11. July

Gsell, M.

Technological Innovations in Securities Trading: The Adoption of Algorithmic Trading

In: 14th Pacific Asia Conference on Information Systems (PACIS); Hyderabad, India

10. June

Gsell, M.

Algorithmic trading engines versus human traders – Do they behave different in securities markets?

In: 17th European Conference on Information Systems (ECIS); Verona, Italy

19. May

Gsell, M.

Behavioral differences of algorithmic and human traders: Evidence from Xetra

In: Forschungskolloquium des Fachbereichs Wirtschaftswissenschaften, Johann Wolfgang Goethe-University; Frankfurt

11. May

Gomber, P.; Gsell, M.; Groth, S.

Algorithmic Activity on Xetra

In: DBAG Market Microstructure Workshop; Frankfurt

03. April

Gsell, M.

Algorithmic trading engines versus human traders – Do they behave different in securities markets?

In: 12th Conference of the Swiss Society for Financial Market Research (SGF); Geneva, Switzerland

26. March

Gomber, P.; Gsell, M.; Groth, S.

Algorithmic Activity on Xetra

In: DBAG CFS Roundtable; Frankfurt

14. January

Gsell, M.

Algorithmic Activity on Xetra

In: Campus for Finance Research Conference 2009; WHU - Otto Beisheim School of Management, Vallendar

2008

13. June

Gsell, M.

Assessing the impact of Algorithmic Trading on markets: A simulation approach

In: CFS, EFL and DBAG Research Conference "The Industrial Organisation of Securities Markets: Competition, Liquidity and Network Externalities"; Frankfurt

10. June

Gsell, M.

Assessing the impact of Algorithmic Trading on markets: A simulation approach

In: 16th European Conference on Information Systems (ECIS); Galway, Ireland

07. May

Gomber, P.; Gsell, M.; Muntermann, J.

Current Research Topics in Institutional Securities Trading

In: Merrill Lynch; Frankfurt

28. February

Gsell, M.

Workshop Algorithmic Trading

In: Joint Workshop on Algorithmic Trading of Deutsche Börse AG Market and Business Research and E-Finance Lab / Chair of e-Finance; Frankfurt

2007

10. July

Gsell, M.

Algorithmic Trading and its impact on markets

In: Forschungskolloquium des Fachbereichs Wirtschaftswissenschaften, Johann Wolfgang Goethe-University; Frankfurt

28. February

Gsell, M.

MiFID-Readiness - Die Umsetzung der MiFID “Markets in Financial Instruments Directive“ in der deutschen Finanzindustrie

In: 8. Internationale Tagung Wirtschaftsinformatik (WI 2007); Karlsruhe

2006

22. December

Gsell, M.

Is Algorithmic Trading distinctively different? - Assessing its behaviour in comparison to informed, momentum and noise traders.

In: International Conference on Business and Finance 2006; Hyderabad, Indien

06. November

Gsell, M.

Corporate Communication Culture and Status Reporting

In: (Doctoral Seminar); Frankfurt am Main

28. June

Gsell, M.

Algorithmic Trading und sein Einfluss auf Markteffizienz

In: Workshop at Whitestein Technologies AG; Zürich