# Research

![downtown view w/ arch](/sites/default/files/styles/866w/public/2024-04/downtown_view_0.jpg?h=42025396&itok=biwDvg8t)

##  Research

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The Center's activities are grouped into the following five research programs, each directed by an NYU Stern professor:

- [Market Microstructure](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/salomon-center/research/market-microstructure), directed by [Joel Hasbrouck](https://www.stern.nyu.edu/faculty/bio/joel-hasbrouck)

Two of the Center's previous research initiatives have since been spun out as stand-alone entities:

- [NYU Pollack Center for Law and Business](http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/pollack-center-law-business), directed by David Yermack
- [The Volatility Institute](http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/volatility-institute), directed by Robert F. Engle