Daniel G. Weaver’s research and teaching focus is on security design, security market structure, and e-commerce. He has over 35 published articles. He has published in the Journal of Finance, Journal of Financial Economics, Journal of Financial Markets, and Journal of Financial and Quantitative Analysis, among others. Recent papers include an examination of the value of liquidity providers, the impact of internalization on market quality, and market microstructure effects of security transaction taxes. He has served as a consultant to the American Stock Exchange, New York Stock Exchange, Stockholm Stock Exchange, Toronto Stock Exchange, and the Securities Industry Association.
Dan has been widely quoted in newspapers across the United States including the Wall Street Journal, New York Times, Washington Post, USA Today, Associated Press, Barron’s, Securities Week, Traders, and the Los Angeles Times. He has appeared on CNN, CNBC, PBS, NPR, and local radio and television. He has testified before the U.S. Securities and Exchange Commission as well as U.S. Congress on market structure issues.
Visit Professor Weaver's website here.
Ph.D., Rutgers University; Finance
MBA, Rutgers University; Finance
B.A., Seton Hall; English Lit.
Publications with PhD Students and Alumni:
“Security Transaction Taxes and Market Quality.” With Anna Pomeranets, Journal of Financial and Quantitative Analysis, Forthcoming.
“Paying for Market Quality” with Amber Anand and Carsten Tanggaard, Journal of Financial and Quantitative Analysis, Vol. 44, 1427-1457, 2009
“Underpricing and Ex-Post Value Uncertainty” with Sonia Falconieri and Albert Murphy. Financial Management, Vol. 34, 285-300, 2009.
“Dispersed Trading and the Prevention of Market Failure: The Case of the Copenhagen Stock Exchange,” with Dave Porter, Carsten Tanggaard, and Wei Yu, European Financial Management, Vol. 14, no. 2, 243-267, 2008.
“The Value of the Specialist: Empirical Evidence from the CBOE” with Amber Anand. Journal of Financial Markets, Vol. 9, no. 2, 100-118, 2006.
“Regulation Fair Disclosure and Volatility: An Intraday Analysis,” with Robert Mendelson and Rajneesh Sharma. Journal of Investment Management, 2005, vol. 3, no. 3, 1-24.
“Can Order Exposure be Mandated?” with Amber Anand. Journal of Financial Markets, Vol. 7, no. 4, 2004, 405-426.
“Competition Between Markets: The Repeal of Rule 390” with Tai-Kong Kam and Venkatesh Panchapagesan, Vol. 27, no.9, 2003,Journal of Banking and Finance, 1711-1736.
Working Papers with PhD Students and Alumni:
“Forced Consolidation.” With Anna Pomeranets
Presentations of papers with PhD Students and Alumni:
“Security Transaction Taxes and Market Quality” with Anna Pomeranets, Presented at the Fifth Erasmus Liquidity Conference, Erasmus University Rotterdam (the Netherlands - July 2012) and the 29th GRE Annual International Symposium on Money, Banking and Finance, (Nantes, France - June, 2012.)
“Paying for Market Quality.” Amber Anand, Carsten Tanggaard and Daniel G. Weaver, presented at the Western Finance Association meeting in Big Sky, Montana (June 2007), the Norges Bank Conference on the Microstructure of Equity and Currency Markets, Oslo, Norway (September 2005), the Arne Ryde Workshop at Lund University (January 2006), and the Financial Management Association (October 2006).
"From the IPO to the First Trade: Is Underpricing Related to the Trading Mechanism?" Sonia Falconieri, Albert Murphy, and Daniel G. Weaver presented at Binghamton University (April 2005), Ente Einaudi (Rome, Italy January, 2004), HEC Lausanne (January 2004), HEC Paris (March 2004), Tilburg University (March 2004), University of Milan-Bicocca (January 2005), Rutgers University (February 2005) and the first FIRS conference "Banking, Insurance and Intermediation" (Capri, Italy, May 2004).
"Can traders be forced to expose their trades? The Impact of Disallowing Hidden Limit Orders" Amber Anand, and Daniel G. Weaver, Presented at the 2002 FMA Meetings(San Antonia, Texas).
"Order Flow Consolidation and Market Quality: An Empirical Investigation." Albert Murphy , and Daniel G. Weaver,Presented at the 2002 FMA Meetings (San Antonia, Texas).
"The Value of the Specialist: Empirical Evidence from the CBOE" Amber Anandand Daniel G. Weaver, presented at the May 2001 meeting of the National Bureau of Economic Research Market Microstructure Group (Cambridge, Massachusetts), the 2002 Western Finance Association (Park City, Utah), Boston College (November2002), Temple University (December 2002), US Securities and Exchange Commission (October 2002), and Rutgers University (March 2003).
Name: Serrano, Alejandro
Graduation Date: 2013/October
Thesis Title: Two Essays on Securities Regulation
Name: Pomeranets, Anna
Graduation Date: 2011/May
Thesis Title: Two Exogenous Issues Related to Market Quality
Doctoral Committees Served on
Rajneesh Sharma, Baruch College, Doctoral Thesis, primary advisor. Raj is currently a faculty member at Saint Joseph’s University.
Amber Anand, Baruch College, Doctoral Thesis, primary advisor. Amber is currently a faculty member at the University of Central Florida.
Albert Murphy, Baruch College, Doctoral Thesis, primary advisor. Albert is currently a faculty member at SUNY – Old Westbury.
Dina Naples-Layish, Baruch College, Doctoral Thesis, member of thesis committee. Dina is currently a faculty member at Binghamton University.