Sean Foley

University of Sydney Business School

Lecturer

Sydney

Australia

SCHOLARLY PAPERS

19

DOWNLOADS
Rank 2,321

SSRN RANKINGS

Top 2,321

in Total Papers Downloads

14,982

SSRN CITATIONS
Rank 11,370

SSRN RANKINGS

Top 11,370

in Total Papers Citations

34

CROSSREF CITATIONS

51

Scholarly Papers (19)

1.

Sex, Drugs, and Bitcoin: How Much Illegal Activity Is Financed Through Cryptocurrencies?

Review of Financial Studies, Forthcoming
Number of pages: 63 Posted: 17 Jan 2018 Last Revised: 15 Dec 2018
University of Sydney Business School, University of Technology Sydney (UTS), UTS Business School and University of Technology Sydney (UTS)
Downloads 9,403 (520)
Citation 64

Abstract:

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blockchain, bitcoin, detection controlled estimation, illegal trade, black market

2.

The Value of a Millisecond: Harnessing Information in Fast, Fragmented Markets

Number of pages: 66 Posted: 28 Oct 2016 Last Revised: 20 Nov 2017
University of New South Wales (UNSW), University of Sydney Business School, Babson College - Finance Division and University of New South Wales (UNSW)
Downloads 1,132 (18,644)
Citation 11

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Market Design, Speed Bump, Quote Fade, Liquidity Provision

3.

Price Discovery in Stock and Options Markets

Journal of Financial Markets, Forthcoming
Number of pages: 55 Posted: 15 Aug 2014 Last Revised: 04 Jan 2020
University of Technology Sydney (UTS), University of Technology Sydney (UTS), University of Technology Sydney (UTS) - School of Finance and Economics and University of Sydney Business School
Downloads 1,067 (20,322)
Citation 3

Abstract:

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price discovery, stock, option, information share, insider trading

4.

Should We Be Afraid of the Dark? Dark Trading and Market Quality

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 55 Posted: 16 Jun 2013 Last Revised: 08 Feb 2016
Sean Foley and Tālis J. Putniņš
University of Sydney Business School and University of Technology Sydney (UTS)
Downloads 920 (25,291)
Citation 13

Abstract:

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dark pool, dark trading, regulation, liquidity, market efficiency, transparency

5.

Dark Trading on Public Exchanges

Number of pages: 45 Posted: 03 Dec 2012 Last Revised: 23 Feb 2013
Sean Foley, Katya Malinova and Andreas Park
University of Sydney Business School, McMaster University - Michael G. DeGroote School of Business and University of Toronto - Finance Area
Downloads 506 (56,477)
Citation 9

Abstract:

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dark trading, midpoint orders, limit order book trading

6.

Fundamental Based Market Strategies

Number of pages: 23 Posted: 12 Mar 2013
University of Sydney - Discipline of Finance, Saki Partners, University of Sydney Business School and affiliation not provided to SSRN
Downloads 432 (68,560)

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Fundamental analysis, market efficiency, F-Score, G-Score

7.

Does Insider Trading Explain Price Run-Up Ahead of Takeover Announcements?

Finance and Corporate Governance Conference 2011 Paper
Number of pages: 38 Posted: 01 Dec 2010 Last Revised: 14 Jan 2015
Sean Foley, Alex Frino and Angelo Aspris
University of Sydney Business School, The University of Sydney - Discipline of Finance and affiliation not provided to SSRN
Downloads 227 (138,884)

Abstract:

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Toehold, takeover, short term, long term

8.

Tick Size Wars: Competitive Tick Size Regimes and Trader Behavior

Number of pages: 41 Posted: 09 Nov 2016 Last Revised: 07 May 2019
University of Sydney Business School, University of Bergen and University of Stavanger
Downloads 223 (141,318)
Citation 2

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Equity Trading; Limit Order Markets; Tick Sizes; High Frequency Trading

9.

Market Fairness: The Poor Country Cousin of Market Efficiency

Number of pages: 61 Posted: 23 May 2014 Last Revised: 02 Apr 2015
Macquarie Graduate School of Management, University of Sydney - Discipline of Finance, University of Sydney Business School and Wake Forest University
Downloads 204 (153,760)
Citation 1

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Market integrity, market fairness, manipulation, information leakage, algorithmic trading

10.

The Impact of Tick Sizes on Trader Behavior: Evidence from Cryptocurrency Exchanges

Number of pages: 36 Posted: 25 Jun 2018
Anne Haubo Dyhrberg, Sean Foley and Jiri Svec
The University of Sydney - Discipline of Finance, University of Sydney Business School and The University of Sydney - Discipline of Finance
Downloads 201 (155,880)

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market microstructure, tick size, trading behavior, bitcoin, cryptocurrency

11.

Asymmetries in Dark Pool Reference Prices

FCA Occasional Paper No. 21
Number of pages: 63 Posted: 09 Mar 2017 Last Revised: 05 Apr 2017
Financial Conduct Authority, University of Sydney Business School, Financial Conduct Authority and University of New South Wales (UNSW)
Downloads 182 (170,741)

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market data, transparency, high-frequency trading, Market microstructure, latency arbitrage

12.

The Impact of Fragmentation, Exchange Fees and Liquidity Provision on Market Quality

Number of pages: 36 Posted: 25 Jun 2013 Last Revised: 02 Feb 2016
Macquarie Graduate School of Management, University of New South Wales (UNSW) and University of Sydney Business School
Downloads 136 (218,348)
Citation 5

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Competition, Fragmentation, Alternative Trading System, Trading Fees

13.

Asset Price Bubbles in the Australian Market

CIFR Paper No. 119/2016
Number of pages: 154 Posted: 30 Aug 2016
The University of Sydney Business School, The University of Sydney, Business School, Discipline of Finance, University of Sydney - Discipline of Finance, University of Sydney Business School, University of Cambridge - Faculty of Economics and Politics, University of Sydney Business School, The University of Sydney - Discipline of Finance and University of Sydney - Business School - Finance Discipline
Downloads 126 (231,754)

Abstract:

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Asset Price bubbles, Markets

14.

2018 Oxford Business Law Blog Round-Up: Top 20 Most Read Posts

Oxford Legal Studies Research Paper Forthcoming
Number of pages: 56 Posted: 28 Aug 2019
Center for Contract and Economic Organization, White & Case LLP, Max Planck Institute for Innovation and Competition, University of Sydney Business School, Technische Universität München (TUM) - TUM School of Management, Melbourne Law School, Duke University School of Law, Singapore Management University - School of Law, Humboldt University of Berlin, National University of Singapore (NUS) - Faculty of Law, National University of Singapore (NUS) - Faculty of Law, Hogan Lovells, Hogan Lovells, Tel Aviv University - Cegla Center for Interdisciplinary Research of the Law, Cleary Gottlieb Steen & Hamilton LLP, Public Sector Credit Solutions, University of Technology Sydney (UTS), UTS Business School, BI Norwegian Business School, White & Case LLP, Latham & Watkins, White & Case LLP, TUM School of Management, Tilburg University - Tilburg Institute for Law, Technology, and Society, Latham & Watkins, London School of Economics - Law Department, Independent, University of California, Berkeley - School of Law, Cleary Gottlieb Steen & Hamilton LLP, Cleary Gottlieb Steen & Hamilton LLP, University of Technology Sydney (UTS), Melbourne Law School - University of Melbourne, Morrison & Foerster LLP, Ruprecht-Karls Universität Heidelberg, City University of Hong Kong School of Law, University of Melbourne - Law School, London School of Economics & Political Science (LSE), Students and White & Case LLP
Downloads 118 (243,375)

Abstract:

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Bitcoin, Blockchain, GDPR, ICOs, Cryptocurrencies, MiFID II, EU law, Limited partnership, Private equity, Side-pockets, Liquidity, Brexit, Credit rating, Corporate Governance Code, Parent company, Bankruptcy, Securities, Financial regulation, Corporate veil, Autonomation, Courts, Smart contract

15.

Whats in a Price? Measuring the Value of Exchange Data Fees

2012 Financial Markets & Corporate Governance Conference
Number of pages: 34 Posted: 15 Dec 2011 Last Revised: 28 Aug 2012
Sean Foley
University of Sydney Business School
Downloads 64 (355,859)

Abstract:

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data fees, prices, marketplaces, data access

16.

Time Pro-Rata Matching: Evidence of a Change in LIFFE STIR Futures

Journal of Futures Markets, Vol. 35(6), p. 522–541, doi:10.1002/fut.21708, June 2015
Number of pages: 35 Posted: 05 Oct 2016 Last Revised: 07 Oct 2016
University of Sydney - Discipline of Finance, University of Sydney Business School, University of New South Wales (UNSW) and Financial Conduct Authority
Downloads 30 (481,869)

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Futures, LIFFE, Market Microstructure, Pro-Rata, Price-Time Priority

17.

Forming an Orderly Line - How Queue-Jumping Drives Excessive Fragmentation

Number of pages: 34 Posted: 21 Nov 2019
Sean Foley, Anqi Liu and Elvis Jarnecic
University of Sydney Business School, The University of Sydney and The University of Sydney
Downloads 11 (594,148)

Abstract:

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Fragmentation, Trade-through prohibition

Underwritten Dividend Reinvestment Plans and Conflicts of Interest

Journal of Business Finance & Accounting, Vol. 43, Issue 9-10, pp. 1361-1384, 2016
Number of pages: 24 Posted: 10 Nov 2016
Independent, University of Sydney Business School, University of Sydney - School of Business - Finance Discipline and The University of Sydney - Discipline of Finance
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conflicts of interest, dividend reinvestment plans, DRIP, underpricing, underwriter, rights issues, SEO

Underwritten Dividend Reinvestment Plans and Conflicts of Interest

Forthcoming: Journal Of Business Finance and Accounting, Issue 43 9-10
Posted: 11 Oct 2016
University of Sydney Business School, University of Sydney - School of Business - Finance Discipline, Independent and The University of Sydney - Discipline of Finance

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Conflicts of interest, Dividend reinvestment plans, DRIP, Underpricing, Underwriter, Rights issues, SEO

19.

Does Insider Trading Explain Price Run‐Up Ahead of Takeover Announcements?

Accounting & Finance, Vol. 54, Issue 1, pp. 25-45, 2014
Number of pages: 21 Posted: 04 Mar 2014
Angelo Aspris, Sean Foley and Alex Frino
University of Sydney - Discipline of Finance, University of Sydney Business School and The University of Sydney - Discipline of Finance
Downloads 0 (687,442)
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Abstract:

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Takeovers, Market efficiency, Market anticipation, Insider trading, Toeholds, Substantial shareholder notices