2 papers
q-fin.TR2025
Equilibrium Liquidity and Risk Offsetting in Decentralised Markets
Fayçal Drissi, Xuchen Wu, Sebastian Jaimungal
We study the economic viability of liquidity provision in decentralised exchanges (DEXs) within a structural framework in which market outcomes are endogenous. We formulate strateg…
q-fin.TR2024
Strategic Learning and Trading in Broker-Mediated Markets
Alif Aqsha, Fayçal Drissi, Leandro Sánchez-Betancourt
We study strategic interactions in a broker-mediated market in which agents learn and exploit each other's private information. A broker provides liquidity to an informed trader an…