Journal of Financial Markets

The *Journal of Financial Markets* (J Financ Mark, ISSN 1386-4181) is a leading peer-reviewed academic journal dedicated to advancing theoretical and empirical research on financial markets. Its scope encompasses the full spectrum of market microstructure, including the design, regulation, and performance of trading venues, the behavior of market participants, price formation, liquidity, and transaction costs. The journal also publishes high-quality work on asset pricing, market efficiency, and the impact of information and technology on market dynamics. Primarily, it features original research articles, with a strong emphasis on rigorous empirical studies and innovative theoretical models; review articles are less common but occasionally appear. The target audience includes academic researchers in finance and economics, doctoral students, quantitative analysts, and practitioners in investment management, market regulation, and exchange operations. Published by Elsevier, the journal is available in both subscription and open access models, offering authors the option to publish OA for broader dissemination. With a 2026 Impact Factor of 2.5000, the *Journal of Financial Markets* holds a Q2 ranking in the JCR Quartile, placing it in the second tier of finance journals. It is classified as a 2区 (Zone 2) journal in the Chinese Academy of Sciences classification for economics, reflecting its solid reputation and consistent quality. The journal has long been recognized as a specialist outlet for market microstructure research, standing as a respected and influential venue within the broader field of financial economics, and is frequently cited for its contributions to understanding the mechanics and efficiency of modern markets.