Prof. Antonio Mele

Antonio Mele is Professor of Finance at the Università della Svizzera italiana, having previously spent a decade as a professor at the London School of Economics. Professor Mele is the co-inventor of the first standardized volatility index in the fixed income space maintained by an exchange (Cboe), and is a regular speaker at leading finance conferences worldwide.

Professor Mele focuses on problems related to insider trading regulation in the information age. His work suggests that insider trading should be subject to mandatory disclosure or banned altogether. As the costs of collecting and processing information drop, investors render markets increasingly efficient. Professor Mele's results predict that insider trading will hinder this process and that prohibiting it would make markets more efficient. His findings also suggest that—provided information costs are significant or uncertainty is small, such that information activities are limited to start with—these effects are minor and that regulating insider trading through disclosure would lead to the informationally most efficient market. Lastly, his work shows that markets are always most liquid with a complete ban on insider trading.

• Financial Markets
  • Central Banks and Monetary Policy
  • Financial Crises
  • Information and Market Efficiency
  • Systemic Risk and Regulation
• Portfolio Management and Asset Classes
  • Asset Pricing
  • Fixed Income
  • Options and Other Derivatives
  • Portfolio Management
• Corporate Finance and Governance
  • Financial Risk and Risk Management