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Robert A. Schwartz
Marvin M. Speiser Professor of Finance and University Distinguished Professor of Finance
robert_schwartz@baruch.cuny.edu
http://faculty.baruch.cuny.edu/rschwartz/index.htm
Education:
BA New York University 1959 MBA Columbia University 1962 PhD Columbia University 1966
Areas of Expertise:
Financial Economics, with a Primary Focus on Security Market Microstructure, Including Trading and the Structure of Equity Markets
Selected Publications:
“Market Sidedness: Insights into Motives for Trade Initiation,” (with Asani Sarkar), Journal of Finance, 2008, forthcoming.
"The Equity Trader Course," (with Reto Francioni and Bruce Weber), John Wiley & Sons, 2006.
"Equity Markets in Action: The Fundamentals of Liquidity, Market Structure and Trading," with Reto Francioni, John Wiley & Sons, 2004.
"The Economic Value of a Trading Floor: Evidence from the American Stock Exchange," (with Puneet Handa and Ashish Tiwari), Journal of Business, vol. 77, no. 2, pt. 1, 2004, pp 331-355.
"Quote Setting and Price Formation in an Order Driven Market" (with Puneet Handa and Ashish Tiwari). Journal of Financial Markets, 6 2003, pp. 461-489.
"A Closing Call's Impact on Market Quality at Euronext Paris," (with Michael Pagano), Journal of Financial Economics, 68, 2003, pp. 439-484.
"Limit Order Trading" (with Puneet Handa). Journal of Finance, December 1996, pp. 1835-61.
Academic Activities:
Equity Markets Microstructure Seminars:
For Professors
Deutsche Börse, organized with Peter Gomber and Bruce Weber, June 2007
Baruch College, organized with Richard Holowczak and Bruce Weber, November 15-16, 2007.
For Students
Baruch College, organized with Richard Holowczak, February 9 and 23, 2007.
Associate Editor, The Journal of Entrepreneurial Finance & Business Ventures, 2001-present.
Associate Editor, Review of Quantitative Finance and Accounting, 1997-present.
Member, Advisory Board, International Finance, 1997-present.
Associate Editor, Review of Pacific Basin Financial Markets and Policies, 1996-present.
Professional Activities:
Alternative Trading Systems Forum, NYSE Euronext, New York City, November 29, 2007.
Degroote School of Business 2nd Annual Conference on Market Structure and Market Integrity, Keynote Speaker, McMaster University, Hamilton, Ontario, Canada, November 12, 2007.
The Future of the Stock Market Roundtable, The Philoctetes Center, New York City, October 20, 2007.
Deutsche Boerse Order Book Analytics Workshop: Part 2, Frankfurt, Germany, September 27, 2007.
Deutsche Boerse Order Book Analytics Workshop: Part 1, New York, NY, August 7, 2007.
The NYSE Facts Program, New York, NY, July 23, 2007.
4th International Capital Markets Conference, Thessaloniki, Geece, June 18, 2007.
Front Office Trading Systems for the Buy-Side, Keynote Speaker, Marcus Evans, New York City, New York, June 4-5, 2007.
Member of the Nasdaq Official Closing Price Advisory Committee, Fall 2003-Spring 2004.
Member, Nasdaq Uniform Price Opening Advisory Committee, 2000-01.
Awards, Honors, etc.:
Zicklin School of Business, Sidney Lirtzman Award for Research, Teaching and Service, Fall 2007.Best Investments Paper Award, Southern Finance Association Annual Meeting, November 2006.
Grant from Nasdaq's Educational Foundation for presentation of MBA course, "Equity Markets: Trading and Structure," 1997-99.
Best paper prize, SBF-Bourse de Paris Conference, 1996.