Björn Hagströmer is Professor of Finance and Director of Studies for the Postgraduate Programme at Stockholm Business School , Stockholm University. He earned his PhD from Aston Business School in 2010 and has been with SBS since then. His primary teaching responsibility is the course Financial Market Structure . Research Focus : Hagströmer specializes in financial market microstructure , analyzing price formation, liquidity supply, and trading mechanisms. His work examines closing call auctions, high-frequency trading dynamics, bid-ask spread components, and information revelation in decentralized markets. Current projects include studies on market fragmentation , gold futures microstructure , and equity market information dissemination Recent publications explore volatility extensions in auctions, unbiased spread estimation, and network-based information flow analysis Awards : Recipient of the 2017 De la Vega Prize for research on effective spread overestimation. His work appears in leading journals including Journal of Financial Economics and Journal of Finance . Academic Leadership : Co-organizer of the Microstructure Exchange online seminar series and the 2017 Conference on the Econometrics of Financial Markets celebrating the 20th anniversary of Campbell-Lo-MacKinlay's influential work.










