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Aryan Ayyar

// Mathematician & Economist
// Focusing on asset pricing, market microstructure & liquidity

Welcome to my digital garden. I explore the invisible choreography of modern markets—where latency skirmishes, hidden queues, and behavioral kinks tug prices away from theory.

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Aryan Ayyar in Zen Kurta style at PolyU
// PolyU Joint Graduation Dinner, 2025

Research & Publications

Momentum, Liquidity & Stock Returns: Indian Evidence Pacific Basin Finance Journal [2023]

Research assistance for authors Madhu Veeraraghavan and Abhishek Rohit.

[PDF Download]

Green Bonds — Sustainable Investments Dilemma

IVEY Case Publishing, 2025

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Multidimensional Latency for Queue Tomography Working Paper [2025]

// Introduces "queue tomography" to reconstruct hidden liquidity structures in limit order books.

./download_paper.sh

Metastability-Aware Adaptive Traffic Signal Control

Proposes a robust framework blending macroscopic traffic theory with deep reinforcement learning for Bangalore’s gridlocked reality.

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Dynamic Insider Trading and Return Predictability

Working paper [2025]

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Individualistic Cultures’ Pro-Environmental Preferences in Green Financing

Working paper [with Krishna Prasad and Durga Prasad, 2024]

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Dynamic Order Execution Mechanisms

Master’s thesis [under Te Feng Chen, PolyU, 2025]

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Asymmetric Information and Strategic Behavior

A multiperiod model of insider leverage limits and market depth.

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Independent Commentary

Rough Volatility and Fractional Stochastic Processes

An intuitive essay blending Hurst exponent, fractional Brownian motion, and Volterra equations.

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Competitive Equilibrium Models

Notes on Arrow–Debreu, SMD aggregation and welfare results.

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Rational Expectations and Informational Efficiency

On Grossman–Stiglitz, Kyle and dynamic REE models.

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Books

Mechanics of Market Dynamics [2025]

A field guide to the invisible choreography of modern markets. Blending microstructure research with narrative vignettes.

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Personal Writing

She Wore Gold of the South

by Aryan Ayyar

Written at 24 in Hong Kong, a story of tenderness, restraint, and the rituals that carry entire histories.

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Crossroads at Interlaken

by Aryan Ayyar

On a snow-locked night in Interlaken, an Indian quant and a Pakistani psychiatrist drop their defences.

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Proprietary Solutions NEW

Access my custom built tools and algorithms.

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Education

>>
MS Finance
The Hong Kong Polytechnic University (2024–2025)
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BTech Mechatronics Engineering
Manipal Institute of Technology (2019–2023)

Contact

Let's collaborate on research or discuss market mechanics.