Dr. Hui Zheng holds a PhD in Finance from the University of Sydney. His research specialization is security market microstructure. He has published in internationally refereed journals including Journal of Banking & Finance, Journal of Futures Markets and The Financial Review. Dr. Zheng has been focusing his research on the latest development of financial markets and practice. Over the past 10 years he has conducted research in association with the Securities Industry Research Centre of Asia-Pacific, Credit Suisse (Hong Kong), the Sydney Futures Exchange, Macquarie Bank, the Capital Market Cooperative Research Centre and several private investment and security services companies. Dr. Zheng has also worked with the Shanghai Stock Exchange examining the security market structure in China with respect of the roles and relationships between the exchanges, government supervision bodies, brokers, and retail and institutional investors, as well as the design of real-time market surveillance in China. More recently Dr. Zheng has held visiting research positions at George Mason University and NASDAQ OMX Group. His current research interests reside on issues related to market fragmentation, dark liquidity and high frequency trading. Dr. Zheng has taught a variety of subjects at both undergraduate and postgraduate levels, including corporate finance, portfolio and investment management and trading and dealing in securities markets. In particular he has introduced an on-line trading simulation system to his classes that allows students to practice trading while learning in historical trading scenarios. Supervisor Homepage