William G. Christie
Frances Hampton Currey Professor of Management in Finance; Professor of Law
Subject Area(s): Finance
By studying the operations of the major financial markets in the mid-1990s, Bill Christie, along with Professor Paul Schultz (Notre Dame), concluded that Nasdaq market makers were implicitly colluding to maintain artificially high trading profits at the expense of investors. His research subsequently resulted in a sweeping reform of the Nasdaq market, the introduction of the SEC Order Handling Rules, and a $1.027 billion settlement against the defendants. Professors Christie and Schultz won first prize in the 1995 Smith Breeden competition for outstanding papers published in the Journal of Finance based on this research.
B.S., Commerce, Queens University, 1978
M.B.A., Finance, University of Chicago, 1980
Ph.D., Finance and Economics, University of Chicago, 1989
Financial markets, market microstructure, corporate finance.
Area(s) of Expertise:
NASDAQ market, financial analysis and research.