This research group focuses on examining the current trends in market microstructure innovations, risk dynamics, and corporate governance. It investigates the impact of significant structural changes in financial market operations on trading costs, mechanisms, order flow, and price formation; It also examines how risk factors emerge and influence asset pricing, financial stability, and investment decisions, and it sheds light on innovations and changes in corporate structure through employing modern financial econometric techniques to tackle methodological challenges and ensure the robustness of its findings.