Mike Lipkin spent 23 years on the floor of the American Stock Exchange, and later the NYSE, as a floor market-maker in equity derivatives. In addition to many papers in condensed matter physics and chemistry, he used that time to also develop and publish models for stock pinning and the proper pricing of hard-to-borrow stocks. Lecturing widely, he has also taught at Cornell (physics) and Columbia University (IEOR- financial engineering). He specializes in Event-Driven Finance, which describes and analyzes the behavior of securities in the vicinity of temporal disturbances. These are precisely the regions of time when trading becomes most active and lucrative, and where hedge funds and small firms and individuals can have outsized success.
University of Chicago, 1984
Cornell University, 1984-1990
- A market-induced mechanism for stock pinning, M Avellaneda, MD Lipkin, Quantitative Finance, 3,(2003), 417-425.
- Pinning, Encyclopedia of Finance, Wiley, May 15, 2010, A Dynamic Model of Hard-to-Borrow Stocks, Mike Lipkin, Marco Avellaneda, SSRN March 10, 2009
- Sherlock Trader Takeover Sleuth (online presentation)
- Dynamics of Bankrupt Stocks (with R. Sowers and X. Li) SSRN April 2012
- Mathematical Models for Stock Pinning Near Option Expiration Dates, Communications on Pure and Applied Mathematics, Vol 65, 7, 949-974 (2012) (with Avellaneda and Kasyan)
- Shorting, The Math Forbes, 25 Sept 2008 (with Avellaneda)
- A Dynamic Model of Hard-to-Borrow Stocks, Mike Lipkin, Marco Avellaneda, SSRN March 10, 2009