PhD in Finance, University of Maryland, College Park, 2014

PhD in Civil Engineering, Purdue University, West Lafayette, 2008

MS in Statistics (Computational Finance track), Purdue University, West Lafayette, 2007

MS in Civil Engineering, Tsinghua University, Beijing, China, 2004

BS in Electronics Engineering, Zhejiang University, Hangzhou, China, 2001

Mortgage-backed Securities, Over-the-Counter Markets, High-Frequency Trading, Market Microstructure, Information Economics

“Asset Heterogeneity, Market Fragmentation, and Quasi-Consolidated Trading,” with Zhaogang Song.

• Job market paper

• MFA 2021

"Asset Pricing with Cohort-Based Trading in MBS Markets," with Nicola Fusari, Haoyang Liu, and Zhaogang Song.

• Forthcoming at Journal of Finance.

• FRB of New York Staff Report No. 931.

“TBA Trading and Security Issuance in the Agency MBS Market,” with Yu An and Zhaogang Song.

• Preparing for resubmission to Real Estate Economics

• 33rd Australasian Finance and Banking Conference, MFA 2021, and NY Fed.

"Dealer Expertise and Market Concentration in OTC Trading,” with Zhaogang Song.

• Under review.

• Previously circulated under the title “Expertise, Information, and Dealer-intermediated OTC Markets.”

• European Finance Association 2020, North American Summer Meetings of the Econometric Society, JHU, UMD

“Dealers as Information Intermediaries in Over-the-Counter Market,” with Zhaogang Song.

• Finance Theory Group Summer School 2019, European Summer Symposium in Financial Markets 2019, 15th Annual Central Bank Conference on the Microstructure of Financial Markets 2019, DC Juniors Conference 2019, Fed Board, JHU, Cornell, Rutgers

"High Frequency Trading with Speed Hierarchies."

• Reject & Resubmit at Management Science

• WFA 2014, NFA 2014

BU.232.710 Derivatives at Johns Hopkins University

BMGT 446 International Finance at University of Maryland, College Park.

Ad Hoc Referee for Journal of Finance, Review of Financial Studies, Econometrica, Journal of Economic Theory, Management Science, Mathematical Finance, Review of Derivatives Research, Southern Finance Association, FMA Annual Meeting.

Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research by the WFA, 2014

NASDAQ OMX Group Educational Foundation Dissertation Grant, 2013-2014