Professor Richard Payne

Professor of Finance; Module Leader – Foundations of Finance

Richard works in the areas of empirical market microstructure and empirical asset-pricing.

He has written on topics that include the determination of exchange rates, the links between exchange rates and equity index returns, algorithmic trading and market dynamics, the effects of transparency in equity markets, and the effects of short-selling on equity markets.

Richard holds a PhD in Economics from the London School of Economics and has worked at the LSE, University of Bristol, and Warwick Business School.

He has also worked in the asset management industry, and actively consults for banks, funds, regulators and government departments.

Research topics

  • Equity market microstructure and trading
  • Exchange rate determination and FX market microstructure
  • Short-selling
  • Computer-based trading and market quality

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