Dr. Sven Panz

Research Assistant
Dr. Sven Panz

Dr. Sven Panz

Research Assistant
Sven focuses on market microstructure research and risk management topics. He is also interested in machine learning techniques and alternative data to leverage trading strategies.

Sven Panz received his Bachelor’s degree in business mathematics in 2012 from the University of Applied Sciences in Koblenz. Afterwards, he continued his studies in the elite graduate program Finance and Information Management at the TU Munich and the University of Augsburg. He completed his Master with a major in quantitative finance in 2015. In his Master thesis he found analytical prices for multidimensional barrier derivatives. During his studies Sven worked as a student assistant and gained professional experience working at AXA, Ernst & Young (EY), and Goldman Sachs. Since October 2015, he is research assistant at Layer 2 of the E-Finance Lab.



Drasch, Benedict / Huber, Johannes / Panz, Sven / Probst, Florian (2015)
Detecting Online Firestorms in Social Media
Proceedings of the International Conference on Information Systems (ICIS 2015)


Bender, Micha / Frank, Sebastian / Panz, Sven (2022)
Dynamics of Trending Topics Between Social Media, News, and Scientific Literature
Proceedings of the 30th European Conference on Information Systems (ECIS 2022); Timișoara, Romania
Bender, Micha / Panz, Sven (2021)
A General Framework for the Identification and Categorization of Risks: An Application to the Context of Financial Markets
Journal of Risk, Vol. 23, No. 4, pp. 21-49
Clapham, Benjamin / Gomber, Peter / Lausen, Jens / Panz, Sven (2021)
Liquidity Provider Incentives in Fragmented Securities Markets
Journal of Empirical Finance, Vol. 60, pp. 16-38
Escobar, Marcos / Panz, Sven / Zagst, Rudi (2020)
Pricing Multiple Barrier Derivatives Under Stochastic Volatility
Journal of Computational Finance, Vol. 24, No. 2, pp. 77-101
Escobar, Marcos / Mahlstedt, Mirco / Panz, Sven / Zagst, Rudi (2017)
Vulnerable Exotic Derivatives
The Journal of Derivatives, Vol. 24, No. 3, pp. 84-102


Gomber, Peter / Clapham, Benjamin / Lausen, Jens / Panz, Sven (2019)
The MiFIR Trading Obligation: Impact on Trading Volume and Liquidity in Electronic Trading
Lecture Notes in Business Information Processing (LNBIP), Vol. 345, pp. 3-26, Eds.: N. Mehandjiev and B. Saadouni

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Cestonaro, Tino / De Paolis, Jonas / Panz, Sven (2022)
High-Frequency Price Formation in Fragmented Equity Markets
Working Paper, presented at the Forecasting Financial Markets Conference; Milan, Italy
Panz, Sven (2020)
Risk Management in Financial Markets
Dissertation, Goethe University Frankfurt
Gomber, Peter / Clapham, Benjamin / Panz, Sven (2018)
Management of Market Price Risks: Regulation and Coordination of Volatility Interruptions in Europe
FIRM Yearbook 2018, pp. 167-168; Association for Risk Management and Regulation, Frankfurt
Clapham, Benjamin / Gomber, Peter / Lausen, Jens / Panz, Sven (2018)
Enhancing Market Liquidity through Liquidity Provider Incentives
EFL Quarterly, 1/2018
Gomber, Peter / Clapham, Benjamin / Lausen, Jens / Panz, Sven (2018)
The Impact of MiFID II/MiFIR on European Market Structure: A Survey among Market Experts
The Journal of Trading, Vol. 13, No. 2, pp. 35-46
Glaser, Florian / Panz, Sven (2017)
Cyclicality of Collateral Haircuts and Systemic Illiquidity
EFL Quarterly, 1/2017
Clapham, Benjamin / Gomber, Peter / Panz, Sven (2017)
Coordination of Circuit Breakers? Volume Migration and Volatility Spillover in Fragmented Markets
Working Paper; presented at the CEPR-Imperial-Plato Inaugural Market Innovator (MI3) Conference; London, UK, the 24th Annual Meeting of the German Finance Association (DGF 2017); Ulm, Germany and the SFA 2017; Key West, Florida, United States
Panz, Sven (2017)
Intra- and Inter-Market Spillover Effects during Extraordinary Market Conditions
Working Paper; presented at the 5th Paris Financial Management Conference (PFMC 2017); Paris, France and the 2018 Annual Meeting of the Financial Management Association
Clapham, Benjamin / Gomber, Peter / Haferkorn, Martin / Panz, Sven (2017)
Managing Excess Volatility: Design and Effectiveness of Circuit Breakers
Working Paper; presented at the 34th International Conference of the French Finance Association (AFFI 2017); Valence, France and the Southern Finance Association 2017 Annual Meetings (SFA 2017); Key West, Florida, United States
Gomber, Peter / Clapham, Benjamin / Haferkorn, Martin / Panz, Sven / Jentsch, Paul (2017)
Ensuring Market Integrity and Stability: Circuit Breakers on International Trading Venues
The Journal of Trading, Vol. 12, No. 1, pp. 42-54
Gomber, Peter / Clapham, Benjamin / Haferkorn, Martin / Panz, Sven / Jentsch, Paul (2016)
Circuit Breakers - A Survey among International Trading Venues
WFE Research Studies & Reports
Escobar, Marcos / Panz, Sven (2016)
A Note on the Impact of Parameter Uncertainty on Barrier Derivatives
Risks, Vol. 4, No. 4, 35
Glaser, Florian / Panz, Sven (2016)
(Pro?)-Cyclicality of Collateral Haircuts and Systemic Illiquidity
European Systemic Risk Board (ESRB) Working Paper Series, No 27 / October 2016; presented at DGF 2016; Bonn, Germany and FMA Europe 2017; Lisbon, Portugal
Panz, Sven / Wolters, Gregor (2016)
Traditional Life Insurance Products are Under Pressure
Non-traditional Life Insurance Products with Guarantees, Eds.: T. Kalberer and K. Ravindran; Risk Books, London


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