The 2023 WhartonJacobs Levy Prize for Quantitative Financial Innovation is presented to Albert S. “Pete” Kyle for his groundbreaking research on market microstructure. The Prize, endowed with a $2 million gift, is awarded biennially. It recognizes outstanding quantitative research that has contributed to a particular innovation in the practice of finance.

Led by Professors Chris Geczy, PhD, C'90 and Craig MacKinlay, PhD and established through the vision and generosity of Bruce Jacobs, PhD, G'79, GRW'86 and Ken Levy, WG'76, G'82, the Jacobs Levy Equity Management Center for Quantitative Financial Research at the Wharton School of the University of Pennsylvania is dedicated to the advancement of quantitative finance, at the intersection of theory and practice, through the creation and dissemination of innovative knowledge.

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