Meet the Researchers
Tugkan Tuzun
[email protected]
Education
- Ph.D., Finance, University of Maryland, 2011
- M.A., Economics, University of Virginia, 2006
- B.A., Economics, Bogazici University, 2004
- Institutional Asset Management
- ETFs and Market Liquidity
Economist
Board of Governors of the Federal Reserve System
2011 - presentResearch Associate
U.S. Commodity Futures Trading Commission
2010 - 2011Senior Economist
Council of Economic Advisers
2022 - 2023
- New Insights from N-CEN: Liquidity Management at Open-End Funds and Primary Market Concentration of ETFs
Fang Cai, Grace Chuan, Kevin Henry, Chaehee Shin, and Tugkan Tuzun
FEDS Notes (2023)
https://doi.org/10.17016/2380-7172.3226 - Arbitrage and Liquidity: Evidence from a Panel of Exchange Traded Funds
David E. Rappoport W. and Tugkan Tuzun
Finance and Economics Discussion Series (2020)
https://doi.org/10.17016/FEDS.2020.097 - Microstructure Invariance in U.S. Stock Market Trades
Albert S. Kyle, Anna A. Obizhaeva, and Tugkan Tuzun
Journal of Financial Markets (2020)
https://doi.org/10.1016/j.finmar.2019.100513
See also » FRB Working Paper (2016) - Price Pressure and Price Discovery in the Term Structure of Interest Rates
Scott Mixon and Tugkan Tuzun
Finance and Economics Discussion Series (2018)
https://doi.org/10.17016/FEDS.2018.065 - Automation, Intermediation and the Flash Crash
Andrei Kirilenko, Albert S. Kyle, Mehrdad Samadi, and Tugkan Tuzun
Journal of Investment Management (2018) - The Flash Crash: High-Frequency Trading in an Electronic Market
Andrei Kirilenko, Albert S. Kyle, Mehrdad Samadi, and Tugkan Tuzun
Journal of Finance (2017)
https://doi.org/10.1111/jofi.12498 - Are Leveraged and Inverse ETFs the New Portfolio Insurers?
Tugkan Tuzun
Finance and Economics Discussion Series (2013)
https://doi.org/10.17016/FEDS.2013.48
conference
August 2019European Finance Association Annual Meeting
Do ETFs Increase Liquidity?
conference
September 2018Northern Finance Association Annual Meeting
Do ETFs Increase Liquidity?
conference
June 2019FMA Europe
Price Pressure and Price Discovery in the Term Structure of Interest Rates
conference
August 20182nd SAFE Market Microstructure Conference
Do ETFs Increase Liquidity?
conference
June 2011Western Finance Association
Trading Game Invariance in the TAQ Dataset
conference
December 2010NBER Market Microstructure Meeting
The Flash Crash: The Impact of High Frequency Trading on an Electronic Market
conference
January 2012American Finance Association Meeting
News Articles and the Invariance Hypothesis
conference
December 2014Paris December Finance Meeting
Are Leveraged and Inverse ETFs the New Portfolio Insurers?
Awards
- 2019
FMA Europe
Best Paper in Investments and Asset Pricing
- 2019
Journal of Investment Management
Harry M. Markowitz Special Distinction Award
- 2011
Q Group
Roger F. Murray First Prize
- 2012
FMA Europe
Best Paper
Conference Organization
2016 | Atlanta
Midwest Finance Conference
Paper Reviewer
Referee
- Journal of Finance
- Management Science
- Journal of Financial Markets
- Journal of Banking and Finance
- Journal of Futures Markets
- Journal of Financial Services Research
- Financial Review
- Iktisat ve Isletme