Albert J. Menkveld

Albert J. Menkveld is a Professor at the School of Business and Economics, Vrije Universiteit Amsterdam, with a focus on Finance and Financial Sector Management. He is a leading expert in High-Frequency Trading (HFT), Market Microstructure, and Liquidity Dynamics.

His research explores:

• Liquidity Provision in fragmented markets
• Central Clearing and systemic risk
• Algorithmic Trading impacts on market efficiency
• Market Maker Behavior in electronic markets
• Bitcoin Pricing and cryptocurrency markets
• Reproducibility in financial research

Recent work includes the 2024 Journal of Finance paper Nonstandard Errors (co-authored with Anna Dreber et al.) and the 2025 Review of Asset Pricing Studies article Pricing Variance in a Model with Fire Sales. He received the 2018 RAPS best paper award for his systemic risk research.

Menkveld's methodological contributions span state-space modeling for cross-listed stocks and empirical analysis of trading venues (e.g., dark pools). He frequently collaborates with institutions like HEC Paris, Stockholm School of Economics, and Singapore Management University.