Terrence Hendershott

Education
PhD, Operations, Information, and Technology, Graduate School of Business, Stanford University
BS, Mathematics and Statistics, Miami University
Positions Held
At Haas since 2001
2012 – present, Cheryl and Christian Valentine Chair
2005 – 2006, Visiting Economist, New York Stock Exchange
1999 – 2001, Xerox Assistant Professor of Computers & Information Systems, Simon School of Business Administration, University of Rochester
Current Research and Interests
- Management of information systems - Role of information technology in financial markets - Electronic communications networks (ECNs) and stock market design - Regulation of financial markets - How electronic markets compete with traditional businesses

 
Selected Papers and Publications
- “Does Algorithmic Trading Improve Liquidity?” with Charles Jones and Albert Menkveld. Journal of Finance (forthcoming). - “Automation Versus Intermediation: Evidence from Treasuries Going Off the Run,” with Michael Barclay and Kenneth Kotz. Journal of Finance 61 (October 2006): 2395-2414. - “Competition Among Trading Venues: Information and Trading on Electronic Communications Networks,” with Michael Barclay and Tim McCormick. Journal of Finance 58 (December 2003): 2637-2666. - “Crossing Networks and Dealer Markets: Competition and Performance,” with Haim Mendelson. Journal of Finance 55 (October 2000): 2071-2115.

 
Teaching
- Analytic Decision Modeling Using Spreadsheets - Information Technology Strategy - Operations Management

Honors and Awards
- New York Stock Exchange Euronext Award for the best paper on equity trading, Western Finance Association Meetings (2001, 2008) - Nasdaq Award for best paper on market microstructure, Financial Management Association (2007) - Schwabacher Fellowship Award, 2005-2006 - National Science Foundation Grant #0133848, CAREER: Electronic Trading Systems