Internship at the Authority for the Financial Markets AFM (Amsterdam)

Internship at the Authority for the Financial Markets AFM (Amsterdam)

An internship is available at the AFM in the period September-December 2022. The trainee will examine algorithmic trading in the TTF market. It is sometimes suggested in the media that algorithmic traders influence the volatility of the TTF contracts. AFM is looking for an intern who could work with the following hypothesis:

Does algorithmic trading in TTF gas have a negative effect on the energy (derivatives) market?
How has algorithmic trading on the TTF developed since the entry into force of MiFID II (2018)?
What effect does algorithmic trading have on spreads and liquidity in the TTF market on ICE Endex?
What role does algorithmic trading play in times of stress (such as during March 7 TTF gas peak[1])?

Preferably a person with a financial-economic background and an interest in futures markets: Sept – Dec 2022.

For more information:

Prof. dr. dr ir Joost M.E. Pennings (joost.pennings@maastrichtuniversity.nl)