Bio - Dale W.R. Rosenthal

Assistant Professor of Finance, University of Illinois at Chicago

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Professor Rosenthal began his financial career as a programmer/analyst intern for the block trading desk at Goldman Sachs. He then worked for Long-Term Capital Management as a strategist in David Modest's equity derivatives group. He remained at LTCM for five years — through the 1998 implosion and 1998-2000 consortium period. Post-LTCM, he was a quantitative researcher and proprietary trader at Morgan Stanley's Equity Trading Lab (an algorithmic trading group). His proprietary trading made about $40MM/year for the bank; his research resulted in faster, less expensive, and more reliable electronic order execution.

His academic research focuses on trading and financial distress using market microstructure and financial econometrics. He has also studied delays in processing and publishing financial information. His work has been published in the Journal of Financial Econometrics.

He has been quoted by Barron's, Portfolio Magazine, the Chicago Tribune, the Chicago Sun-Times,Crain's Chicago Business, the Illinois Radio Network, and the Medill News Service; appeared on TV for Fox Business News (live), WTTW's Chicago Tonight, First Business Morning News, and ABC 7's local Chicago news; and, was interviewed live on Bloomberg Radio. He has presented policy-relevant work at the European Central Bank, Banque de France, Austrian National Bank, National Bank of Slovakia, Bank of Finland, Reserve Bank of New Zealand, FDIC, and CFTC and also testified before the Illinois state legislature House Committee on Pension Investments. (Media appearances here.)

Professor Rosenthal graduated from Cornell University with a B.S. in electrical engineering and the University of Chicago with a Ph.D. in statistics.