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Associate professor in Finance

Universidad de los Andes, Chile

CV  

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Working papers

Anticompetitive Price Referencing (2023) (Link) joint with Bart Zhou Yueshen

       Scale Economies in Liquidity Provision: Evidence from Designated Market Makers (2025) (Link) joint with Mauricio Larraín and Jorge Sabat

Publications

Queuing and Inventories in Limit Order Book Markets, 2025, Journal of Financial Markets, (Link, joint with Corey Garriott and Marius Zoican)

Non-Standard Errors 2024, Journal of Finance, (Link)  project joint with 341 coauthors

Order Splitting and Interacting with a Counterparty, 2023, Journal of Financial Markets (Link, joint with Amy Kwan and Joakim Westerholm)  WebAppendix

Price impact versus bid–ask spreads in the index option market, 2022, Journal of Financial Markets volume 59 (Link, joint with Andreas Kaeck and Norman Seeger)

        High-Frequency Trading Around Large Institutional Orders, 2019, The Journal of Finance, 74(3), 1091-1137 (Link, joint with Albert Menkveld) 

        Competition for Order Flow with Fast and Slow Traders, 2015, The Review of Financial Studies, 28(7), 2094-2127 (Link). A previous version circulated under the title "Liquidity, What you see is what you get?"

        The Impact of Dark Trading and Visible Fragmentation on Market Quality, 2015, Review of Finance 19(4), 1587-1622 (Link, joint with Hans Degryse and Frank de Jong)

In Press

Blog, Aug 2022: “Gamified trading: Riesgos para el inversionista pequeño” 

Blog, Nov 2021: “Exchange traded funds, ETF: ¿qué son y qué pasa si aumentan?” 

Diario Financiero, Mar 2020: "Transformación Digital|Robots en las bolsas"

Contact Information

vincentvankervel at gmail.com

+59 223 547 982

Escuela de Administración (School of Management)

Pontificia Universidad Católica de Chile

Avenida Vicuña Mackenna 4860

Macul 7820436

Santiago, Chile