Fellows and Outside Advisors
Peter Bottini is Executive Vice President of Trading and Customer Service at OptionsXpress. Between graduating from Notre Dame in 1991 and starting at OptionsXpress, Mr. Bottini worked in the derivatives industry in a number of capacities. From 1993 – 2001, he was a market maker on the floor of the Chicago Board Options Exchange (CBOE). He has served on a number of CBOE committees including the market performance committee and nominating committee. He has also served on the Securities Industry and Financial Markets Association options committee and the on International Stock Exchange board of directors.
William O’Brien joined Direct Edge as Chief Executive Officer in July 2007. As CEO, he is responsible for the management of all strategic, operational and administrative affairs of the company. Prior to his appointment to Direct Edge, Mr. O'Brien was Senior Vice President, New Listings at The Nasdaq Stock Market, Inc. with responsibility for all Nasdaq efforts to increase U.S. listings, including IPOs, exchange transfers and structured products. He also was Nasdaq's Senior Vice President, Market Data Distribution, responsible for the sales, management and business direction of Nasdaq's real-time and historical market data business. Mr. O'Brien joined Nasdaq in 2004 by way of Brut, LLC, where he had been Chief Operating Officer since 2002, helping lead the company through a period of significant growth and its acquisition by Nasdaq. He originally joined Brut as Senior Vice President and General Counsel in 2000. Mr. O'Brien also was Vice President and Assistant General Counsel at Goldman Sachs from 1998 to 2000 and was an attorney in Orrick, Herrington & Sutcliffe LLP's Market Regulation Group from 1995 to 1998. He has a B.A. from the University of Notre Dame and a J.D. from the University of Pennsylvania School of Law.
James A. Overdahl
James Overdahl is currently a Vice-President at NERA in their Securities and Finance Practice. He previously served as a chief economist for the
SEC, chief economist for the US Commodity Futures Trading Commission (CTFC), a Senior Financial Economist for the Risk Analysis Division of the US Office of the Comptroller of the Currency (OCC),
and has taught as an Adjunct Professor of Finance at George Washington University, the University of Maryland, Johns Hopkins University, Georgetown University, Virginia Tech, and George Mason University. He also served as Assistant Professor of Finance at the University of Texas at Dallas School of Management. He has a PhD in Economics from Iowa State University.
Jamie Selway is a Managing Director and Head of Liquidity Management at ITG. In this capacity, he is responsible for the firm's POSIT® crossing network, its Smart Routing and Algorithmic trading units, and its derivatives business. In addition, Mr. Selway contributes to ITG’s business strategy and provides ITG clients with analysis of market structure and regulatory developments on a global basis. Prior to joining ITG, Mr. Selway was Managing Director at White Cap Trading, an institutional agency brokerage that he co-founded in 2003. He previously served as Chief Economist at Archipelago and worked in equity derivatives research at Goldman Sachs. He currently serves as a Director of BATS Exchange, Inc., an Associate Editor of the Journal of Trading, and is a member of SIFMA’s Equity Markets and Trading Committee, STA’s Derivatives Subcommittee, the Investment Traders Association of Philadelphia, and the National Organization of Investment Professionals.
Professor Baker teaches in the areas of banking and financial institutions law, corporate bankruptcy, and negotiations at the University of Notre Dame Law School. She also holds a concurrent appointment as Assistant Professor of Finance in the Mendoza College of Business. Her research focuses on financial regulation, particularly in the derivative markets. Professor Baker completed her PhD in Legal Studies and Business Ethics at the Wharton School and also received a JD/MBA from the University of Virginia and BA from the University of Notre Dame. She has also practiced law in the areas of financial derivatives, securities, and banking and worked in information technology
Robert H. Battalio
Robert Battalio is currently a professor of Finance and Presidential Faculty Fellow at the University of Notre Dame. Robert has also served on the faculty of Georgia State University, as a visiting academic at the Atlanta Federal Reserve Bank, and as the first NASD visiting academic fellow. Robert has consulted for Fidelity, the New York Stock Exchange, LaBranche, Goldman Sachs, NYFIX, NASDR, the Nasdaq Intermarket, Archipelago, Susquehanna, and Knight Securities. His primary area of interest involves the relationship between financial market design and trading costs. He is currently studying whether the post-earnings announcement drift survives transactions costs, who trades on accruals information, trading costs in the equity option market, and price discovery in option markets.
Shane Corwin is the Viola D. Hank Associate Professor of Finance. His research focuses on investment banking and security market design. In recent papers, he has studied the role of limited attention in securities trading, the measurement of transaction costs, and the effects of systematic liquidity. Shane has served as a member of the Nasdaq Economic Advisory Board and was recently awarded a Morgan Stanley Equity Market Microstructure Research Grant. He teaches security analysis and investments and has received several teaching awards at Notre Dame including the Kaneb Award, the BP Outstanding Teacher Award, and the Chicago EMBA Outstanding Professor Award. Shane received a B.S. and an MBA from Mankato State University and subsequently earned a Ph.D. in Finance from The Ohio State University. He was an Assistant Professor at the University of Georgia prior to joining the University of Notre Dame faculty in the fall of 2000.
Finance Professor Thomas Cosimano’s research topics include the impact of monetary policy on banks and the financial system. His research integrates mathematics, econometrics, computer science, and business analysis to solve problems which do not have closed form solutions. He has used these methods to analyze aggregate behavior of the stock
and bond market, as well as how to invest in financial assets given the empirical behavior of stock and bond returns. He has also studied how bank behavior is influenced by monetary policy given that banks are subject to capital constraints under Basel III. As a Visiting Scholar at the International Monetary Fund Institute he has studied how remittances affect the conduct of monetary and fiscal policy in developing
countries. He has a Ph.D. in Economics from the State University of New York at Buffalo.
Paul Schultz (Center Director)
Paul Schultz is the John and Maude Clarke Professor of Finance at the University of Notre Dame. He received his Ph.D. from the University of Chicago in 1988. Since then, he has taught at the University of Iowa, Ohio State University, and the University of Chicago. His research interests include market microstructure, securities offerings, and the municipal bond market. Paul has served as an Associate Editor of the Journal of Finance and is currently as Associate Editor of the Journal of Financial and Quantitative Analysis. He has served as a member of the Nasdaq Economic Advisory Board. His paper with Bill Christie, “Why Do Nasdaq Market Makers Avoid Odd-Eighth Quotes?” won the Smith-Breeden Prize for 1995.