Robert A. Schwartz
Marvin M. Speiser Professor of Finance and University Distinguished Professor of Finance
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
“The Dynamic Process of Price Discovery in an Equity Market,” (with Jacob Paroush and Avner Wolf) Managerial Finance, Volume 36, Issue 7, 2010
“Dark Pools, Fragmented Markets, and The Quality of Price Discovery,” Journal of Trading, Volume 5, Number 2, Spring 2010, pp. 17-22.
“Accentuated Intra-Day Stock Price Volatility,” (with Deniz Ozenbas and Michael Pagano) Journal of Portfolio Management, Spring 2010, Vol. 36, No. 3: pp. 45–55.
“Markets at Risk,” Journal of Trading, Volume 4, Number 2, Spring 2009, pp. 46-49.
“Market Sidedness: Insights into Motives for Trade Initiation,” (with Asani Sarkar) Journal of Finance, Volume 64, No. 1, February 2009, pp. 375-423.
“Liquidity Begets Liquidity: Implications for a Dark Pool Environment,” (with Nick Klagge and Asani Sarkar) Institutional Investor’s Guide to Global Liquidity, Winter 2009, pp. 15-20.
“Equity Market Microstructure: Taking Stock of What We Know,” (with Reto Francioni, Sonali Hazarika and Martin Reck) Journal of Portfolio Management, Fall 2008, pp. 57-71.
“The Limits of Liquidity,” (with Marcus Hooper) Journal of Trading, Summer 2008, pp. 15-19.
Equity Markets Microstructure Seminars:
Equity Markets Microstructure Seminars, Baruch College, organized with Richard Holowczak and Bruce Weber, November 2006, 2007, 2008 and 2009.
Member, Advisory Board, Journal of Trading, 2005-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.
CBOE Breakfast, 35th Annual International Futures Industry Conference, March 11, 2010
Stevens Institute of Technology, School of Systems and Enterprises, Financial Engineering Seminar Series, March 4, 2010
NIRI-NY, Demystifying the Markets, New York, NY, January 21, 2010
TradeTech Canada, Keynote Speaker, Toronto, December 10, 2009
NYSEfacts 2009, New York City, December 8, 2009
FESE Convention, Keynote Speech, Brussels, Belgium, December 2, 2009
WFE Annual Meeting, Vancouver, Canada, October 7, 2009
WFE Workshop on Market Structure & Statistics, Keynote Speaker, Paris, France, December 1-2, 2008
Southern Finance Association Annual Meeting, Key West, Florida, November 21, 2008.
Citi-Capco Investment Servicing Symposium, Best Execution Panel, New York City, September 9, 2008.
Awards, Honors, etc.:
First Annual WFE Award for Excellence, WFE Annual Meeting, Vancouver, BC, Canada, October 6, 2009.
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.