Andrei Kirilenko

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Andrei Kirilenko
Andrei Kirilenko.jpg
Occupation Director of the Centre for Global Finance and Technology
Employer MImperial College Business School
Location Boston
LinkedIn Profile
Website http://www.imperial.ac.uk/

Andrei Kirilenko is a professor and former regulator who is director of the centre of global finance and technology at Imperial College Business School.[1]

Formerly he was a professor of the practice of finance at Massachusetts Institute of Technology Sloan School of Management (MIT).[2][3] He joined the school in December 2012 after spending two years as chief economist at the Commodity Futures Trading Commission.[4]

Background

Upon joining the CFTC in 2008, Kirilenko worked on a variety of pressing issues while at the CFTC, including the design and operations of agricultural, energy and financial contracts and markets. He also has worked on issues related to algorithmic and high frequency trading, and played a role in the May 6, 2010 flash crash review. Kirilenko was awarded the CFTC's Chairman's Award for Excellence in 2010.

As chief economist, he was chosen in February 2012 to be chairman of a new subcommittee focused on automated and high frequency trading.[5] In June 2012, however, he announced his intention to leave the commission at the end of the year in order to accept a professorship at MIT.[6]

On December 3, 2012, Kirilenko, along with professors Matthew Baron and Jonathan Brogaard, released a research paper, "The Trading Profits of High Frequency Traders." Commissioner Bart Chilton said that the study would make it easier for regulators “to put forth regulations in a streamlined fashion. It’s a key step in the process and it should fuel-inject the regulatory effort going forward.”[7]

Prior to joining the CFTC in 2008, Kirilenko was with the International Monetary Fund (IMF), specializing in global capital markets issues.[8]

Education

Kirilenko received his Ph.D. in Economics from the University of Pennsylvania with a focus in finance. He has extensive background on the informational properties and micro structure of the financial markets. His work has appeared in the Journal of Finance, the Journal of Financial Markets and IMF staff papers.

References

  1. DRANDREIKIRILENKO. Imperial College Business School.
  2. Faculty & Research. MIT Sloan School of Management.
  3. For the MIT Sloan Faculty, a Financial Technician. Bloomberg.
  4. The CFTC Announces the Departure of Chief Economist Andrei Kirilenko to the Massachusetts Institute of Technology. CFTC website.
  5. Commodity Futures Trading Commission Votes to Establish a New Subcommittee of the Technology Advisory Committee (TAC) to focus on High Frequency Trading. CFTC.
  6. CFTC chief economist to step down. FT Trading Room.
  7. High-Speed Traders Profit at Expense of Ordinary Investors, a Study Says. New York Times.
  8. CFTC Bios. CFTC website.
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