Hans Heidle
Branch Chief
Office of Markets
Education Summary
- Ph.D. Finance, Vanderbilt University, 2001
- M.S. Industrial Engineering (Diplom des Wirtschaftsingenieurwesens), University of Karlsruhe (Germany), 2004
- M.A. Economics, Vanderbilt University, 1998
- M.B.A Finance, Vanderbilt University, 1996
- B.S. Industrial Engineering (Diplomvorpruefung des Wirtschaftsingenieurwesens), University of Karlsruhe (Germany), 1992
Fields of Interest
- Market microstructure
- International financial markets
- Information and market efficiency
- Supervisory Financial Economist / Branch Chief, Market Data and Research
Office of Markets
Division of Economic and Risk Analysis
U.S. Securities and Exchange Commission
2016–present - Financial Economist
Office of Markets
Division of Economic and Risk Analysis
U.S. Securities and Exchange Commission
2012–2016 - Director, Execution Management Consulting
Alpha Science Research Team
Pipeline Financial Group, Inc.
2011–2011 - Vice President of Research
Financial Engineering Group
ITG (Investment Technology Group), Inc.
2008–2011 - Assistant Vice President of Research
Financial Engineering Group
ITG (Investment Technology Group), Inc.
2006–2008 - Founder and President
Swabia Consulting, L.L.C.
2005–2006 - Assistant Professor of Finance
Mendoza College of Business
University of Notre Dame
2001–2005 - Instructor of Finance
Mendoza College of Business
University of Notre Dame
2000–2001 - Lecturer in Management (Finance)
Owen Graduate School of Management
Vanderbilt University
1999–2000 - Research Assistant and Teaching Assistant
Owen Graduate School of Management
Vanderbilt University
1995–2000 - Financial Analyst
Bankers Trust
1994 - MIS Specialist
Siemens-Nixdorf-Informationssysteme AG
1992
- Milan Borkovec and Hans G. Heidle, 2010, Building and Evaluating a Transaction Cost Model: A Primer, Journal of Trading 5, 57-77.
- ITG (Contributing Author), 2009, Below the Waterline: Uncover Hidden Transactions Costs Throughout the Investment Process, http://www.itg.com/belowthewaterline.
- Milan Borkovec and Hans G. Heidle, 2007, The Magic of Hindsight: Creating a Post-Trade Transaction Cost Estimate Based on Realized Market Conditions, Journal of Trading 2, 34-49.
- Hans G. Heidle, 2003, Discussion of 'Globalization and the Value of US Listing: Revisiting Canadian Evidence' by Mittoo, Journal of Banking and Finance 27, 1663-1665.
- Hans G. Heidle and Roger D. Huang, 2002, Information-Based Trading in Dealer and Auction Markets: An Analysis of Exchange Listings, Journal of Financial and Quantitative Analysis 37, 391-424.
- Hans G. Heidle, 1999, Market Microstructure and Asset Pricing: A Survey, ETLA Discussion Papers No. 691, Helsinki, Finland: ETLA - The Research Institute of the Finnish Economy.
- Hans G. Heidle and Xi Li, Information Leakage and Opportunistic Behavior Before Analyst Recommendations: An Analysis of the Quoting Behavior of Nasdaq Market Makers.
- Hans G. Heidle, Inferring Information from Trading.
- Hans G. Heidle, Testing a Conditional CAPM with Changing Expected Returns: Evidence from the German Stock Market.
CONFERENCE ACTIVITIES
- Discussant, 2015 Annual Conference on Current Topics in Financial Regulation, University of Notre Dame
- Presentation, 2013 Financial Market Research Center Conference on "Global Finance," Vanderbilt University
- Paper presentation (by co-author), 2006 Financial Market Research Center Conference on "Conflicts of Interest in Financial Markets," Vanderbilt University
- Paper presentation (by co-author), 2005 Symposium on Finance, Banking, and Insurance at the University of Karlsruhe (Germany)
- Paper presentation (by co-author), 2004 FMA European Conference
- Paper presentation, 2004 AFA Conference
- Paper presentation, 2003 NBER Summer Institute (Market Microstructure)
- Discussant, 2003 Annual Conference on Financial Economics and Accounting
- Paper presentation, 2002 Symposium on Finance, Banking, and Insurance at the University of Karlsruhe (Germany)
- Discussant, 2002 Conference on the Future of Stock Exchanges
- Discussant, 2002 AFA Conference
- FMA Awards Committee Member (Competitive Paper Award in the Area of Market Microstructure), 2002
- Discussant, 2000 Nasdaq-Notre Dame Microstructure Conference
- Discussant, 2000 WFA Conference
- FMA Awards Committee Member (Competitive Paper Award in the Area of Market Microstructure), 2000
- Paper presentation, 2000 AFA Conference
- Paper presentation, 1999 Symposium on Finance, Banking, and Insurance at the University of Karlsruhe (Germany)
- Paper presentation, 1999 Southern Finance Association Conference
- Paper presentation and discussant, 1999 European Finance Association Annual Meeting
- Paper presentation, 1998 FMA Conference
- Email: heidleh@sec.gov
- Phone: 202-551-3615