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Journal of Exchanges, Clearing & Settlement (JECS)
The Journal of Exchanges, Clearing & Settlement (JECS) is an international, peer-reviewed, open access online journal covering research on exchanges, clearing, settlement and the wider post-trade industry.
About the Journal of Exchanges, Clearing & Settlement
Established in 2026, the Journal of Exchanges, Clearing & Settlement (JECS) was created to help bridge the gap between academic research and market practice.
The journal publishes original research of relevance to practitioners, as well as practitioner-focused versions of academic research on exchanges and post-trade.
JECS covers the full trade and post-trade lifecycle, from trading and market structure through to clearing, settlement and custody. Its scope includes stock and securities exchanges, trading venues, clearing houses and central counterparties (CCPs), central securities depositories (CSDs), securities settlement systems and other financial market infrastructure.
It also covers research on regulation, technology, market design, risk management and developments affecting the way markets operate.
The aim is to make relevant academic research more accessible to practitioners and to encourage research that addresses practical issues facing exchanges, clearing houses and other market infrastructures.
What the Journal Publishes
JECS publishes original, unpublished research on exchanges, clearing, settlement and financial market infrastructure.
Submissions are subject to double-blind peer review. Full submission requirements, editorial policies and guidance for authors are available on the JECS website.
Editorial leadership
Editor-in-Chief
Rodney Garratt, University of California, Santa Barbara, USA
Managing Editor
Pedro Gurrola-Perez, World Federation of Exchanges
Editorial Board
- Fernando Avalos, Bank for International Settlements (BIS), Switzerland
- Evangelos Benos, University of Cyprus, Cyprus
- Christopher P. Buttigieg, Malta Financial Services Authority, Malta
- Jie Jay Cao, Hong Kong Polytechnic University, Hong Kong
- Fernando Cerezetti, ClearToken, UK
- Christian Chamorro-Courtland, Western Sydney University School of Law, Australia
- Carole Comerton-Forde, University of Melbourne, Australia
- Jorge Cruz-Lopez, Global Risk Institute, Canada
- Gerardo Ferrara, Bank of England, UK
- Alicia Greenwood, Johannesburg Stock Exchange, South Africa
- Phil Mackintosh, Nasdaq, USA
- John McPartland, Independent Policy Advisor, USA
- Travis Nesmith, Federal Reserve Board, USA
- Mark Paddrik, Office for Financial Research (OFR), USA
- Radoslav Raykov, Bank of Canada, Canada
- Paolo Saguato, George Mason University, USA
- Robert Steigerwald, Independent Policy Advisor, USA
- Dermot Turing, University of Oxford, UK
- Froukelien Wendt, European Securities and Markets Authority (ESMA), France
- Haoxiang Zhu, Massachusetts Institute of Technology (MIT), USA
Members of the Editorial Board participate in their personal capacity. Their views do not necessarily represent the views of their institutions.
Read the Journal
Visit the Journal of Exchanges, Clearing & Settlement website to read the current volume, browse published research and find information on submitting research to JECS.