An expert in equity market trading and institutional investing, Lipson focuses his research on market microstructure — the study of how market design and organization affect price formation and liquidity. 

He has served as a visiting scholar at the New York Stock Exchange and on the NASDAQ Economic Advisory Board. Widely published, Lipson has also served as co-editor-in-chief of the journal Financial Management and is currently an associate editor for both the Journal of Financial Markets and the Journal of Corporate Finance. Prior to joining the Darden faculty, he taught finance at the University of Georgia.

B.A., M.S., University of Virginia; Ph.D., University of Michigan