The 15th Annual Stern/Salomon Center Microstructure Conference
will be held on Friday, December 4, 2026 at the Stern School, New York University
Submissions are invited for the 2026 Stern/Salomon Center Microstructure Conference scheduled for Friday, December 4, 2026 with optional concurrent submission to the Journal of Financial
Markets.
The program committee is
Tarun Chordia, Joel Hasbrouck, Paolo Pasquariello, Gideon Saar, Clara Vega, and Liyan Yang.
The focus of the program meeting is the economics of securities
markets. This includes (but is not limited to) theoretical,
empirical, and experimental analyses of: the role of information in the
price-discovery process; the definition, measurement, and determinants
of liquidity; the costs and benefits of alternate trading mechanisms and
market structures; the measurement and control of transactions costs;
the role of regulation and the evolution of market design; domestic and
international comparisons of trading costs; cross-border listing and
trading securities; trading technology and information systems;
practical implications of market design for risk management; and
financial engineering.
Submission. The submission website is at https://microstructuresubmission.stern.nyu.edu/openconf.php. The submission procedure has two separate steps. "Make Submission" prompts you to enter the title, authors, and so forth. Completion of this step will generate a confirmation email. Then, once you're back at the home menu, click on "Upload Submission". (Uploaded papers must be in pdf format. If you hit the file size limit, email me at jh4@stern.nyu.edu [Joel].)
The deadline for submissions is 11:59 (Eastern US Time) Sunday, October 4, 2026.
Registration site to be announced.
Disclosure of conflicts: Microstructure research derives much of its vitality and relevance from the connections bridging researchers, regulators and practitioners. To our outside audience, however, these connections sometimes suggest pathways of influence and bias in our findings, particularly when a connection involves a payment or other benefit (commonly, in our case, data). We accordingly advise all submitters to consider the adequacy of their disclosures. The American Economic Association's official statement is posted at https://www.aeaweb.org/journals/policies/disclosure-policy; the Journal of Finance's statement is at: https://afajof.org/wp-content/uploads/files/policies-and-guidelines/Journal_of_Finance_Disclosur.pdf.
For financial support we are grateful to Elsevier's Journal of Financial Markets Dinner (evening of December 3) and the Cornerstone Research Luncheon (December 4)
- To submit a paper for dual consideration, authors must check the dual submission box on the submission web form and also check the box certifying that the paper is not under review at another journal or the JFM. In addition, a paper can't be considered for the JFM if it has previously been rejected by the JFM (although it remains eligible for the conference).
- At the discretion of the JFM, referee reports will be solicited for a small number of the dual submissions. If such a report is sought, the authors will receive a copy of the report. Papers rejected at any stage of the dual review process (including those that are refereed) are not considered to have been “rejected” at the JFM. They remain eligible for subsequent submission to the JFM without prejudice. While under consideration by the conference and the JFM, a paper may not be submitted to another journal (or the JFM) until the author has been notified of the outcome of the dual-submission process. JFM submission fees (for the initial and subsequent rounds, if necessary) are waived.
Attendance at the conference is open. All interested persons (certainly including faculty, students,
practitioners, and regulators) are welcome to attend.
Also see the July 2026 NBER Summer Institute Financial Market Structure program.