Ph.D., finance, Ross School of Business, University of Michigan
Summary of Experience
Professor Jones studies the structure of securities markets, liquidity, and trading costs. A large portion of his research focuses on short sales, algorithmic trading, and the variation in liquidity over time. He has provided expert reports and deposition testimony in several matters involving allegations of market manipulation and short selling. His research covers topics such as implementation shortfall and high-frequency price dynamics. His published articles, many of which focus on issues such as trading market quality, volatility, and regulations around short selling, appear in outlets ranging from the Journal of Finance to Barron's. For many years Professor Jones has been a visiting scholar at the Federal Reserve Bank of New York, and he has also served as a visiting economist at the New York Stock Exchange. He has also been on the faculty at Princeton University, and, earlier in his career, was an investment banking analyst at Merrill Lynch.