Joel Hasbrouck

Kenneth G. Langone Professor of Business Administration
and Professor of Finance
Stern School of Business, New York University

My primary area of research is market microstructure (the analysis, design and regulation of trading mechanisms for securities).  In addition to teaching at Stern, my present affiliations include: Advisory Editor of the Journal of Financial Markets; Associate Editor of the Journal of Financial Econometrics; Associate Editor of the Journal of Financial Intermediation; Fellow of the Society of Financial Econometrics; Fellow of the Columbia Law School Program in the Law and Economics of Capital Markets. I hold a Ph.D. from the University of Pennsylvania and a B.S. in Chemistry from Haverford College.

I have served as a consultant, instructor, and/or advisor board member for numerous public and private institutions, sometimes for compensation (and sometimes pro bono).


The 2021 Stern Microstructure Conference will be virtual, on Friday, May 7, 2021. Details and a link to the submission site are available here. The submission deadline is Sunday, March 7. 

The 2020 Stern Microstructure Conference (scheduled for Friday, May 8, 2020) was cancelled due to the pandemic
Past programs are available for 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011.

  Resume (pdf version) Short bio

Securities Trading: Principles and Procedures, version12b (updated Nov 18, 2020). Draft teaching notes for one-semester market microstructure course. These notes are copyrighted. If you wish to use them for teaching purposes, please email me.

Other teaching materials.

Syllabus, Foundations of Finance (2020 Fall)

Syllabus, Principles of Securities Trading (2020 Fall)



  Syllabus: Principles of Securities Trading, FINC-UB.0049, Spring 2018. This is a draft syllabus.
  Notes for talks and seminars  

Empirical Market Microstructure

Published by Oxford University Press

Programs, supplements and corrigenda. (last updated June 18, 2007).

Click here to go to the book page on Amazon.



Professor Joel Hasbrouck
Department of Finance
Stern School of Business
New York University
Suite 9-190; Mail Code 0268
44 West 4th St.
New York, NY 10012

212.998.0310 (voice)
212.995.4233 (fax)


Etc. FTP Schedules

All materials on this site are © Joel Hasbrouck, 2018, All rights reserved. phpinfo