Education:

• PhD, Arizona State University, Finance, 1995
• MBA, Northeastern University, 1989
• BA, University of Pittsburgh, Economics and Political Science, 1987

Publications:

• "Limited Attention and the Allocation of Effort in Securities Trading," with Shane Corwin, forthcoming, Journal of Finance, 2007.
• "Common Market Makers and Commonality in Liquidity," with Mohsen Saad, Journal of Financial Economics, 2004, 73, 37-70.
• "Liquidity Provision and the Organizational Form of NYSE Specialist Firms" with Dan Deli,   Journal of Finance, 2002, 57, 841-870.
• "Market Microstructure:  A Review of Empirical Research," with Kuldeep Shastri,  Financial Review, 1999, v34 n4, 1-28.
• "Is There a Term Structure of Futures Volatilities?  Reevaluating the Samuelson hypothesis," with Hank Bessembinder, Paul Seguin, and Margaret Smoller, Journal of Derivatives, 1996, 4, 45-58.
• "Mean Reversion in Equilibrium Asset Prices:  Evidence from the Futures Term Structure," with Hank Bessembinder, Paul Seguin, and Margaret Smoller, Journal of Finance, 1995, 50, 361-375. 

Research and Teaching Awards:

• WFA-NYSE Best Paper Award for "Limited Attention and the Allocation of Effort in Securities Trading," with Shane Corwin, WFA Conference, 2006.
• FMA-NASDAQ Best Paper Award for "Information, Inventory, and the Size and Sequence of Trades," FMA Conference, 2001.
• EMBA Teaching Excellence Award (Honorable Mention), 2005.
• Certificate of Appreciation, awarded by graduating seniors, University of Pittsburgh, 1998.
• Faculty Appreciation Honoree, awarded by undergraduates, University of Massachusetts, 1996.

Research in Progress:

• Dealer Profits and Market Competition, with Jeff Harris.
• Liquidity Risk and Market Competition, with Arek Nowak.

UD Courses Taught:

• Investments (FINC314, FINC852)
• Derivatives and Risk Management (FINC416, FINC856)
• Financial Management (FINC850)
• Workshop in Financial Economics (FINC857)