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Joel S. Hasbrouck

Joel S. Hasbrouck

Joined Stern 1983

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-86
New York, NY 10012

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Joel Hasbrouck is the Kenneth G. Langone Professor of Business Administration and a Professor of Finance at the Stern School of Business, New York University. He specializes in market microstructure: the analysis, design and regulation of trading mechanisms for securities. He is the author of Empirical Market Microstructure (Oxford Press) and numerous articles. He is an Associate Editor at the Journal of Financial Econometrics, an Advisory Editor at the Journal of Financial Markets, and a Fellow of the Society of Financial Econometrics. In addition to teaching at Stern, he has served as a consultant, resident scholar, or advisory board member to the New York and American Stock Exchanges, Nasdaq-OMX, the Federal Reserve Bank of New York, the Securities and Exchange Commission, the Commodities Futures Trading Commission, and other private and government institutions. He holds a Ph.D. from the University of Pennsylvania and a B.S. in Chemistry from Haverford College.

Research Interests

  • Financial Markets

Courses Taught

  • Foundations of Finance
  • Principles of Securities Trading

Academic Background

Ph.D., Finance

B.S., Chemistry

Areas of Expertise


  • Financial Exchanges and Clearing Houses
  • Financial Regulation
  • Securities Markets