Patrick Chang is a Postdoctoral researcher at the Oxford-Man Institute (OMI) under the supervision of Professor Álvaro Cartea.
His research aims to understand how artificial intelligence shapes market behaviour and affects market efficiency. He examines whether algorithms can learn to collude, deter entry, or manipulate markets, and how AI agents participate in speculative bubbles.
News/Media:
Crossed signals: row over collusion pits scholars against traders, by Luke Clancy and Mauro Cesa (Risk.net)
Collusion claims cast a cloud over vital role of ETF market makers, by Chris Flood (ETF Stream)
Debunking Collusion Claims in ETF Market Making: An Insider’s Perspective, by Nicholas Phillips
Market maker 'collusion' in ETF trades on Euronext Amsterdam exchange, by Chris Flood (ETF Stream)
The curious case of the revealing orders, by Mauro Cesa and Luke Clancy (Risk.net)
Can algos collude? Quants are finding out, by Faye Kilburn (Risk.net)
Miscelaneous activities at the OMI:
I manage the OMI social media accounts (LinkedIn/Twitter/YouTube).
Co-organise OMI's internal seminars.
Provide paper suggestions for the monthly OMI Newsletter.