Research case study

Algotraders

How do trading interfaces shape investor behaviour?

  • Behavioural finance
  • Market experiments
  • Platform design
Editorial diagram of market information, an order book, and trading decisions

Research question

How do trading interfaces shape investor behaviour?

This research stream studies how market information, interface design, and feedback change attention, risk-taking, and trading decisions. Custom market infrastructure connects behavioural questions to observable order placement and execution.

Design

Interfaces become experimental treatments

The programme combines online and laboratory experiments with purpose-built trading environments. Interface features, market-data access, and feedback can be varied while the platform records orders, executions, balances, and timing.

01Information environment

Participants receive experimentally controlled prices, order-flow signals, or interface features.

02Trading decision

Human and algorithmic traders submit, cancel, and execute orders.

03Order book

The market engine updates liquidity, spreads, positions, and transaction history.

04Behavioural outcomes

The studies measure risk-taking, attention, information use, and performance.

System evidence

A controlled market behind the interface

The diagram represents a synthetic session: no participant records or live market data are shown.

Synthetic order-book diagram connecting trader decisions, the market engine, and behavioural records

Contribution

From research question to market infrastructure

I built the core market infrastructure and co-developed the studies. The platform coordinates human and algorithmic actors, maintains the order book, exposes controlled information, and produces structured behavioural records for analysis.

Outputs

Published and ongoing work