Fany Declerck is Professor of Finance at Toulouse School of Management and Research Fellow at the Toulouse School of Economics. After her master in econometrics and a PhD in finance, she spent 3 months as Marie Curie fellow at the Centre for Studies in Economics and Finance (University of Salerno, Italy). She was on visiting position at Carnegie Mellon University (2014-2015) the Banque de France (May 2014), and Euronext Paris (1999-2000). Her research studies the microstructure of financial markets by relying on large stocks and bonds high-frequency databases. She has published in the Journal of Financial Markets and the Journal of Banking and Finance. She was involved in the “Trading and Post-trading” ERC obtained by Bruno Biais from TSE (Grant n° 295298). In 2014 she received a CNRS international mobility grant, in 2013 a research Prize EIF (Europlace Institute of Finance). From 2014 to 2020 she was director of the Ph.D. program in management (EPAS accredited). Fany heads the chair Banque de France. She is currently focusing on her research papers via a delegation to the Centre National de la Recherche Scientifique (TSM-R UMR CNRS 5303).