Main Content

Marius Zoican

Marius Zoican

Assistant Professor of Finance, Department of Management, University of Toronto, Mississauga


PhD in Financial Economics (VU University Amsterdam, 2015)
MPhil in Financial Economics (Tinbergen Institute, 2012)
BSc in Finance (Bucharest School of Economics, 2010)



Personal Website:


Marius Zoican is an Assistant Professor of Finance (on tenure track) at the University of Toronto from 2018. He is appointed with the Department of Management at UTM, and cross-appointed at the Rotman School of Management and the Institute for Management and Innovation. Previously, Marius held a position at Paris-Dauphine University in France from 2015. Marius’ research agenda focuses on theoretical and empirical market microstructure, and particularly on the impact of technology on securities exchanges. His research was published in leading academic journals (The Review of Financial Studies, Management Science, or Journal of Financial Markets), as well as covered by media outlets such as The Economist and Bloomberg News. Marius obtained academic grants for work in the field of financial technology, e.g., from the Social Sciences and Humanities Research Council (SSHRC), Canadian Securities Institute, and the French National Research Agency (ANR). He received several awards, including the Federation of European Securities Exchanges "De la Vega Award" (2016, runner-up 2021) for outstanding research in financial markets.

Academic Positions

  • 2018-present

    Assistant Professor of Finance, University of Toronto, Rotman School of Management

  • 2015-2018

    Assistant Professor of Finance, Université Paris-Dauphine

Selected Publications - Papers

Research and Teaching Interests

FinTech and market microstructure; technology and security exchange design.

Honors and Awards

  • 2020

    Best Paper in Investments, Southern Finance Association

  • 2021

    De La Vega Award, Runner Up, Federation of European Securities Exchanges

  • 2017

    Runner-up Best Paper Award, Toronto FinTech Conference

  • 2014

    Outstanding Paper in Investments, Eastern Finance Association

  • 2016

    De La Vega Prize, Federation of European Securities Exchanges

Academic / Professional Service

  • 2019, 2021, 2022

    Search Committee Member (Finance), University of Toronto Mississauga

  • 2018

    Guest Associate Editor, Special Issue of "Information Systems Research" on Fintech

  • 2017

    Search Committee Member (Finance), Universite Paris-Dauphine

  • 2016-2017

    Organizer, Dauphine Microstructure Workshop, Universite Paris-Dauphine

  • 2015-present

    Referee, Review of Financial Studies, Management Science, Review of Finance