Faculty Profile

Albert "Pete" Kyle Charles E. Smith Chair Professor of Finance Ph.D., University of Chicago 4433 Van Munching Hall Phone: 301-405-9684 E-mail: akyle@rhsmith.umd.edu

Professor Albert S. (Pete) Kyle has been the Charles E. Smith Chair Professor of Finance at the University of Maryland’s Robert H. Smith School of Business since 2006.  He  earned is B.S. degree in mathematics from Davidson College (summa cum laude, 1974), studied philosophy and economics at Oxford University as a Rhodes Scholar from Texas (1974-1977), and completed his Ph.D. in economics at the University of Chicago in 1981.  He has been a professor at Princeton University  (1981-1987),  the University of California Berkeley (1987-1992), and Duke University (1992-2006). 
 
Professor Kyle’s research focuses on market microstructure, including topics such as informed speculative trading, market manipulation, price volatility, the information content of market prices, market liquidity, and contagion.  His current research also deals with concepts from industrial organization to value companies. 
 
His teaching interests include market microstructure, institutional asset management, venture capital and private equity, corporate finance, option pricing, and asset pricing. 
 
He has been a Fellow of the Econometric Society (2002), a board member of the American Finance Association (2004-2006), a staff member of the Presidential Task Force on Market Mechanisms (Brady Commission, 1987),  a member of NASDAQ’s economic advisory board (2004-2007), a member of the FINRA economic advisory committee (since 2010), and a member of the CFTC’s Technology Advisory Committee (since 2010).