Summer FTG Conference 2026

Monday, June 8, 2026: Parallel Sessions (30-min presentations)

1:45 -2:00pm

Welcome remarks in Amphi De Vitry

Parallel Session 1 (Track A — Room MBA90D): AI and the Financial Workforce

Parallel Session 2 (Track B — Room De Vitry): Market Microstructure: Information Production and Liquidity

2:00pm – 2:30pm

Artificial Intelligence and the Rents of Finance Workers, by Jean-Edouard Colliard, Junli Zhao

Trade-Off? What Trade-Off: Information Production without Illiquidity, by Thierry Foucault, Kostas Koufopoulos, Roman Kozhan

2:30pm – 3:00pm

The Organizational Cost of Artificial Intelligence, by Alvin Chen

Asymmetric Thin Markets, by Vincent Fardeau

3:00pm – 3:15pm

Coffee Break

Parallel Session 3 (Track A — Room MBA90D): AI, Innovation, and the Production of Knowledge

Parallel Session 4 (Track B — Room De Vitry): Information Frictions and Adverse Selection in Trading

3:15pm – 3:45pm

Intellectual Property Protection for AI-Generated Output, by Robin Döttling, Logan P. Emery, Shuo Zhao

Information Selection and Media Bias: An Economic Foundation for Sentiment Analysis, by Jinge Liu

3:45pm – 4:15pm

Preemptive Competition, Risk Governance, and Artificial Intelligence, by Matthieu Bouvard, Samuel Lee, Alessio Ozanne

Sustaining Trading Relationships with Lemons, by John Chi-Fong Kuong

4:15pm – 4:30pm

Coffee Break

Parallel Session 5 (Track A — Room MBA90D): Strategic Responses to Scarce Screening Capacity

Parallel Session 6 (Track B — Room De Vitry): Portfolio Choice and Trade Finance

4:30pm – 5:00pm

Multilateral Contracting in Stage Financing, by Paolo Fulghieri, Yunzhi Hu, Felipe Varas

All Eggs in One Basket: When Diversification Increases Portfolio Risk, by Dagmara Celik Katreniak, Alexey Khazanov, Omer Moav, Zvika Neeman, Hosny Zoabi

5:00pm – 5:30pm

AI and quantity trap, by Naveen Gondhi, Lin Shen, Junyuan Zou

Bills of Exchange in a Supply Chain, by Piero Gottardi, Shengxing Zhang

5:30pm – 6:30pm

Welcome cocktail reception

6:30 pm-

Participants depart for small-group dinners

Tuesday, June 9, 2026: Main Papers (60-min presentations)

9:00am – 9:30am

Breakfast in Amphi De Vitry

9:30am – 10:30am

Distressed Investment, Corporate Debt Liquidity, and Capital Structure, by Alexander S. Gorbenko, Dmitry Orlov

10:30am – 10:45am

Break

10:45am – 11:45am

The Price of Exchange Data, by Thierry Foucault, Vincent Maurin

11:45am – 12:00pm

Break

12:00pm – 1:00pm

Dealer Intermediation in OTC Markets with Private Valuation, by Julien Hugonnier, Darius Nik Nejad

1:00pm – 2:30pm

Lunch

2:30pm – 3:30pm

The Structure of Credit Markets with New Screening Technologies, by Maryam Farboodi, Peter Kondor, Pablo Kurlat

3:30pm – 3:45pm

Break

3:45pm – 4:45pm

A Trilemma for Asset Demand Estimation, by William Fuchs, Satoshi Fukuda, Daniel Neuhann

4:45pm – 5:00pm

Adjourn