Researchers consider volatility analysis, market efficiency and liquidity, asset pricing and systematic risk, Islamic finance, and market structures and crowdfunding.This is achieved through rigorous, formal, dynamic modelling of financial time-series. The cluster is led by Muhammad Akbar, who is an established academic and financial econometrician.

The Asset Pricing and Financial Markets research cluster is split into three specialisms - Asset Pricing; Behavioural Economics and Finance; and Corporate Finance, Microfinance and Governance.