Mendoza School of Business

Robert Battalio

Professor
Finance
 574-631-9428
  240 Mendoza College of Business
  • Biography
  • Background
  • Publications

Robert Battalio is a professor of finance at the University of Notre Dame. His primary area of interest involves the relationship between financial market design and trading costs. Robert’s research has appeared in leading finance and accounting journals, such as the Journal of Finance, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and the Review of Financial Studies, and the Journal of Accounting and Economics. In June 2014 he testified before the Senate Permanent Subcommittee on Investigations’ Hearing on Conflicts of interest, Investor Loss of Confidence, and High Speed Trading in U.S. Stock Markets (https://www.youtube.com/watch?v=sfr4cPyqzBQ) and in October 2015 he testified before the U.S. Securities and Exchange Commission’s Equity Market Structure Advisory Committee. More recently, Robert has served as a panelist on SIFMA’s Equity Market Roundtables in September 2022 and in April 2023.

Education
BS, Texas A&M University
Ph D, Indiana University

Areas of Expertise
Market Micostructure
Ethics in Financial Markets

"Wholesaler Execution Quality", (With Robert Jennings), Management Science - Accepted (awaiting publication)

"On the Potential Cost of Mandating Qualified Auctions for Marketable Retail Orders", (With Robert Jennings), Journal of Investing - Accepted (awaiting publication)

"The Cost of Routing Orders to High Frequency Traders", (With Brian Hatch, Mehmet Saglam), Management Science - Accepted (awaiting publication)

"Do (should) brokers route limit orders to options exchanges that purchase order flow?", (With Todd Griffith, Robert Van Ness), Journal of Financial and Quantitative Analysis, 56, 2021

"Option Investor Rationality Revisited: The Role of Exercise Boundary Violations", (With Figlewski Stephen, Neal Robert), Financial Analysts Journal, 76, 2020

"Unrecognized Odd Lot Liquidity Supply: A Hidden Cost for High Priced Stocks", (With Shane Corwin, Robert Jennings), Journal of Trading, 12, 2017

"To Pay or be Paid? The Impact of Taker Fees and Order Flow Inducements on Trading Costs in U.S. Options Markets", (With Andriy Shkilko, Robert Van Ness), Journal of Financial and Quantitative Analysis, 51, 2016

"Can Brokers Have it All? On the Relationship between Make Take Fees and Limit Order Execution Quality", (With Shane Corwin, Jennings Robert), Journal of Finance, 71, 2016

"Who, if Anyone, Reacts to Accruals Information?", (With Alina Lerman, Joshua Livnat, Richard Mendenhall), Journal of Accounting and Economics, 53, 2012


"Who Benefited from the Disclosures Mandates of the 1964 Securities Acts Amendments?", (With Brian Hatch, Timothy Loughran), Journal of Corporate Finance, 17, 2011