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Professor Larry Harris

Lawrence E. Harris Fred V. Keenan Chair in Finance Professor of Finance and Business Economics Marshall School of Business University of Southern California Los Angeles, CA 90089-1427 +1 (213) 740-6496 Voice +1 (213) 740-6650 Fax LHarris@usc.edu

Larry Harris holds the Fred V. Keenan Chair in Finance at the USC Marshall School of Business. His research, teaching, and consulting address trading and investment management issues that arise in financial markets. He has written extensively about trading rules, transaction costs, index markets, and market regulation. His introduction to the economics of trading, TRADING AND EXCHANGES: Market Microstructure for Practitioners (Oxford University Press: 2003), is widely regarded as a “must read” for entrants into the securities industry.

Chairman Harvey Pitt appointed Dr. Harris to serve as Chief Economist of the U.S. Securities and Exchange Commission in July 2002 where he continued to serve under Chairman William Donaldson through June 2004. As Chief Economist, Harris was the primary advisor to the Commission on all economic issues. He contributed extensively to the development of regulations implementing Sarbanes-Oxley, to the resolution of the mutual fund timing crisis, to the specification of the proposed Regulation NMS (National Market System), and to numerous legal cases. Harris also directed the SEC Office of Economic Analysis in which 35 economists, analysts, and support staff engage in regulatory analysis, litigation support, and basic economic research.

Professor Harris currently serves as an independent director of Interactive Brokers, Inc. (IBKR) and of Clipper Fund, Inc. (CFIMX), as the director of the USC Marshall School Center for Investment Studies, and as the research coordinator of the Institute for Quantitative Research in Finance (The Q-Group). In the past, he has served as an associate editor of the Journal of Finance, the Review of Financial Studies, and the Journal of Financial and Quantitative Analysis. Other professional service has included year-long assignments to the U.S. Securities and Exchange Commission and to the New York Stock Exchange immediately following the Stock Market Crash of 1987. Dr. Harris has also worked at UNX, Inc., an electronic pure agency institutional equity broker, and at Madison Tyler, LLC, a broker-dealer engaged in electronic proprietary trading in various markets.

The University of Chicago awarded Dr. Harris his Ph.D. in Economics in 1982.

My Links

My curriculum vitae in Adobe Acrobat Reader format.

TRADING AND EXCHANGES: Market Microstructure for Practitioners, Oxford University Press, October 2002.

My academic papers

"Trading and Exchanges" course abstract.

USC Links

Marshall School of Business at USC

University of Southern California

Last revised 5/30/08.