Research Interests
Professor Anand's research interests include the microstructure of stock and options markets. His current research relates to market design, trading rules, price discovery, and trader behavior.
Select Publications:
“Paying for Market Quality” (with C. Tanggaard and D. Weaver), Journal of Financial and Quantitative Analysis, forthcoming.
“Cleaning House: Stock reassignments on the NYSE” (with S. Chakravarty and C. Chuwonganant), Journal of Financial Markets, forthcoming.
“Information and the Intermediary: Are Market Intermediaries Informed Traders in Electronic Markets” (with A. Subrahmanyam), Journal of Financial and Quantitative Analysis, 2008, 43, 1-28 (lead article).
“Stealth Trading in Options Markets” (with S. Chakravarty), Journal of Financial and Quantitative Analysis, 2007, 42, 167-188.
“The Value of the Specialist: Empirical Evidence from the CBOE” (with D. Weaver), Journal of Financial Markets, 2006, 9, 100-118.
“Empirical Evidence on the Evolution of Liquidity: Choice of Market versus Limit Orders by Informed and Uninformed Traders,” (with S. Chakravarty and T. Martell), Journal of Financial Markets, 2005, 8, 289-309.
“Can Order Exposure be Mandated?” (with D. Weaver) Journal of Financial Markets, 2004, 7, 405-426.
