Larry E. Harris

Program Fellow
  • Marshall School of Business (University of Southern California)
    Fred V. Keenan Chair in Finance; Professor of Finance and Business Economics
    Lead Independent Director of Interactive Brokers, Inc. (IBKR) and the Clipper Fund, Inc. (CFIMX)

Professor Harris teaches at both the undergraduate and graduate level at the Marshall School of Business at the University of Southern California, where he first joined the faculty in 1982.

From 2002 through 2004, Professor Harris served as Chief Economist of the United States Securities and Exchange Commission. As Chief Economist, he was the primary advisor to the Commission on all economic issues. He contributed extensively to the development of regulations implementing Sarbanes-Oxley, the resolution of the mutual fund timing crisis, the specification of the then-proposed Regulation National Market System, and the promotion of bond price transparency.

Professor Harris currently serves on the board of directors of both the Interactive Brokers, Inc. and the Clipper Fund, Inc. He also is a research coordinator for the Institute for Quantitative Research in Finance (The Q-Group) and a member of the Financial Economists Roundtable. After leaving the Securities and Exchange Commission, he worked at Madison Tyler, LLC (2006), a broker-dealer engaged in electronic proprietary trading in various markets and UNX, Inc. (2005), an electronic pure agency institutional equity broker.

His introduction to the economics of trading, Trading and Exchanges: Market Microstructure for Practitioners(Oxford University Press: 2003), is a seminal book on securities markets and microstructure. He is the former Associate Editor of the Journal of Finance, the Review of Financial Studies, and the Journal of Financial and Quantitative Analysis.

Education