Publications
  • Decentralised finance and automated market making: Execution and speculation (with Álvaro Cartea, Marcello Monga).
    Journal of Economic Dynamics and Control (2025). link
Working papers
  • The Viability of Blockchain Markets under Discrete Clearing and Paid Priority (with Agostino Capponi, Álvaro Cartea).
    (2025). link
    Presented at / Accepted at:
    • NBER Summer Institute 2026, Financial Market Structure, Cambridge, MA
    • 6th Annual CBER Conference, New York, 2026
    • 41st Meeting of the European Economic Association and the 77th European Meeting of the Econometric Society (EEA-ESEM 2026)
    • The Microstructure Exchange seminar series
  • Liquid Staking and the Limits of Policy (with Zachary Feinstein, Basil Williams).
    (2026). link
    Presented at / Accepted at:
    • CBER Crafting the Cryptoeconomy Conference, Columbia University, 2025
    • Designing DeFi Conference, Columbia Business School, New York, 2026
  • The Economics of Regulating Tokenized Securities (with Álvaro Cartea, Fahad Saleh).
    (2026). link
    Presented at / Accepted at:
    • ToDeFi - Torino Decentralized Finance Conference 2026 (Keynote speech)
Revise and Resubmit
  • Fayçal Drissi, Sebastian Jaimungal, Xuchen Wu (2025). Equilibrium Liquidity and Risk Offsetting in Decentralised Markets. Operations Research. link
Publications
  • Álvaro Cartea, Fayçal Drissi, Leandro Sánchez-Betancourt, David Siska, Lukasz Szpruch (2026). Strategic bonding curves in automated market makers. Mathematics of Operations Research. link
  • Álvaro Cartea, Fayçal Drissi, Marcello Monga (2024). Decentralised finance and automated market making: Predictable loss and optimal liquidity provision. SIAM Journal on Financial Mathematics. link
  • Philippe Bergault, Fayçal Drissi, Guéant O. (2022). Multi-asset Optimal Execution and Statistical Arbitrage Strategies under Ornstein-Uhlenbeck Dynamics. SIAM Journal on Financial Mathematics. link
Working papers
  • Alif Aqsha, Fayçal Drissi, Leandro Sánchez-Betancourt (2024). Strategic learning and trading in broker-mediated markets. link
  • Multi-Task Gaussian Process Bandits for Regime-Switching in Optimal Execution (with Álvaro Cartea, Gianluca Palmari).
    SIAM Journal on Financial Mathematics (2026). link code
  • DARE: The Deep Adaptive Regulator for Control of Uncertain Continuous-Time Systems (with Harrison Waldon, Yannick Limmer, Uljad Berdica, Jakob Foerster, Álvaro Cartea).
    ICML 2024 Workshop: Foundations of Reinforcement Learning and Control--Connections and Perspectives (2024). link
  • Execution and statistical arbitrage with signals in multiple automated market makers (with Álvaro Cartea, Marcello Monga).
    IEEE 43rd International Conference on Distributed Computing Systems (2023). link