Assistant Professor of Finance, University of Illinois at Chicago
High-resolution headshots: More seriousMore friendly
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 and the Journal of Empirical Finance.
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.
High-resolution headshots: More serious More friendly