Wei Li

Education

Ph.D., Finance, University of Maryland College Park United States

Ph.D., Civil Engineering, Purdue University West Lafayette United States

Journal Articles

(2026). Asset Heterogeneity, Market Fragmentation, and Quasi-Consolidated Trading. Journal of Financial and Quantitative Analysis, In Progress.

Li, W., An, Y., & Song, Z. (2025). TBA Trading and Security Issuance in the Agency MBS Market. Real Estate Economics, 53(3). 607-642.

(2022). Asset Pricing with Cohort-Based Trading in MBS Markets. Journal of Finance, 77(6). 3249-3287.

(2011). Effect of Arterial Signal Coordination on Safety. TRANSPORTATION RESEARCH RECORD, (2237). 51-59.

(2008). Tool with Road-Level Crash Prediction for Transportation Safety Planning. TRANSPORTATION RESEARCH RECORD, (2083). 16-25.

(2006). Probabilistic approach to controlling dilemma occurrence at signalized intersections. TRAFFIC CONTROL DEVICES, VISIBILITY, AND RAIL-HIGHWAY GRADE CROSSINGS 2006, (1973). 55-+.

Li, W., & Song, Z. Dealer Expertise and Market Concentration in OTC Trading. Journal of Economic Theory,

Li, W., & Song, Z. Dealers as Information Intermediaries in Over-the-Counter Market. Journal of Finance: Insights and Perspectives,

Presentations

Li, W., & Song, Z. (2026, January 15). Asset Heterogeneity, Market Fragmentation, and Quasi-Consolidated Trading. Annual Conference of the American Finance Association. San Francisco, CA: American Finance Association.

Li, W., & Song, Z. Asset Heterogeneity, Market Fragmentation, and Quasi-Consolidated Trading. AREUEA Annual Conference. San Antonio, Texas: AREUEA.

Li, W., & Song, Z. (2026, August 15). Asset Heterogeneity, Market Fragmentation, and Quasi-Consolidated Trading. 50th Annual Meeting of European Finance Association. Amsterdam, Netherlands: European Finance Association.

Li, W., & Song, Z. (2026, June 15). Dealer Expertise and Market Concentration in OTC Trading. North American Summer Meetings of the Econometric Society. Miami, Florida, USA: Econometric Society.

Li, W., & Song, Z. (2026, March 15). Asset Heterogeneity, Market Fragmentation, and Quasi-Consolidated Trading. Midwest Finance Association Annual Conference. Virtual: Midwest Finance Association.

Li, W., An, Y., & Song, Z. (2026, March 15). TBA Trading and Security Issuance in the Agency MBS Market. Midwest Finance Association 2021 Conference. Virtual: Midwest Finance Association.

Li, W., & Song, Z. (2026, August 15). Dealer Expertise and Market Concentration in OTC Trading. 47th Annual Meeting of the European Finance Association. Virtual: European Finance Association.

Li, W., & Song, Z. (2026, November 15). Dealers as Information Intermediaries in Over-the-Counter Market. 15th Annual Central Bank Conference on the Microstructure of Financial Markets 2019. Stockholm, Sweden: Sveriges Riksbank, Stockholm.

Li, W. (2026, June 15). High Frequency Trading with Speed Hierarchies. Western Finance Association Annual Conference. Monterey Bay, California, USA: Western Finance Association.

Li, W. High Frequency Trading with Speed Hierarchies. Northern Finance Association Annual Meeting. Ottawa, Canada: Northern Finance Association.

Research Currently in Progess

Li, W., Yildirim, Y., & Song, Z.(n.d.). Agency and Private-label Commercial Mortgage-Backed Securities. In Progress.

College