BS, Mathematics and Statistics, Miami University
PhD, Operations, Information, and Technology, Graduate School of Business, Stanford University
At Haas since 2001
2012 - present, Cheryl and Christian Valentine Chair
2005 - 2006, Visiting Economist, New York Stock Exchange
1999 - 2001, Xerox Assistant Professor of Computers & Information Systems, Simon School of Business Administration, University of Rochester
Current Research and Interests
- Management of information systems
- Role of information technology in financial markets
- Electronic communications networks (ECNs) and stock market design
- Regulation of financial markets
- How electronic markets compete with traditional businesses
Selected Papers and Publications
- "Does Algorithmic Trading Improve Liquidity?" with Charles Jones and Albert Menkveld. Journal of Finance (forthcoming).
- "Automation Versus Intermediation: Evidence from Treasuries Going Off the Run," with Michael Barclay and Kenneth Kotz. Journal of Finance 61 (October 2006): 2395-2414.
- "Competition Among Trading Venues: Information and Trading on Electronic Communications Networks," with Michael Barclay and Tim McCormick. Journal of Finance 58 (December 2003): 2637-2666.
- "Crossing Networks and Dealer Markets: Competition and Performance," with Haim Mendelson. Journal of Finance 55 (October 2000): 2071-2115.
- Analytic Decision Modeling Using Spreadsheets
- Information Technology Strategy
- Operations Management
Honors and Awards
- New York Stock Exchange Euronext Award for the best paper on equity trading, Western Finance Association Meetings (2001, 2008)
- Nasdaq Award for best paper on market microstructure, Financial Management Association (2007)
- Schwabacher Fellowship Award, 2005-2006
- National Science Foundation Grant #0133848, CAREER: Electronic Trading Systems
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