The Foundation for the Advancement of Finnish Securities Markets has awarded each of the following Master’s theses with a 5,000-euro acknowledgment prize.
| Lauri Kuosmanen | Lappeenranta-Lahti University of Technology, LUT School of Business and Management |
| Tutkielma | Pricing of time-varying liquidity risk in the Frankfurt stock exchange |
| Elina Sertti | Aalto University School of Business |
| Tutkielma | Real‐world implications of MIFID II sell‐side research cost unbundling Empirical evidence from European equity research |
| Auli Nikkilä | Tampereen yliopisto |
| Tutkielma | Osakekurssimanipulaation sääntely Oikeustaloustieteellinen tutkimus |