Frankfurt Chamber of Commerce and Industry Awards Dissertation Prize to Kai Zimmermann

In the last decade, the complexity of securities trading has increased tremendously. Automatization of trading centers and processes made securites markets much faster. Interconnection of markets and the emergence of alternative trading platforms raises concerns about possible contagion effects. Kai Zimmermann, who dedicated his doctoral thesis to this development, was awarded this year's dissertation prize of the Frankfurt Chamber of Commerce and Industry which was presented on 24 November 2016. His dissertation ("Market Efficiency and Safeguards in Fragmented Securities Markets") provides innovative insights into modern securities trading as well as detailed and practical recommendations on how to ensure security and integrity of trading centers.