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; 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).


2024 Stern/Salomon Microstructure Conference May 24, 2024 Program. The program contains a registration link.
Past programs are available for 2023, 20222021, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011. (The 2020 event was cancelled due to the pandemic.)

  Resume (pdf version) Short bio

Securities Trading: Principles and Procedures Updated September 1, 2023. Teaching notes for one-semester market microstructure course. These notes are copyrighted. If you wish to use them for teaching purposes, please email me.
Current syllabus: Principles of Securities Trading, FINC-UB.0049, Fall 2023

Foundations of Finance, COR1-2311.12, 2023 Fall, Syllabus


Working papers


Selected publications

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

Email: jhasbrou(at)


All materials on this site are © Joel Hasbrouck, 2024, All rights reserved.