The SEC has announced that Gregg E. Berman, associate director of the Office of Analytics and Research in the Division of Trading and Markets, is leaving the regulator later this month.
Established in 2012, the Office of Analytics and Research conducts quantitative research and data analysis to inform the commission’s policies on markets and market structure. Berman has headed the office since January 2013 and formerly served as senior advisor to the division director of the Division of Trading and Markets in 2010. He joined the SEC in 2009 as a senior advisor in the Division of Economic and Risk Analysis.
During his tenure Berman worked on an analysis of the causes of the May 6, 2010 “flash crash,” as well as rulemaking to create a consolidated audit trail (CAT) and new rules for derivatives trading required by Dodd-Frank Act.
He also oversaw the creation of the Office of Analytics and Research and the implementation of the Market Information Data Analytics System (MIDAS), which daily collects roughly one billion records, time-stamped to the microsecond, from proprietary stock market data feeds, officials say. The SEC uses that data for internal purposes and also shares it with the general public on its market structure web site.
“It’s been a genuine honor to work at the SEC over the past five and a half years,” says Berman, in a statement. “I’ve had an opportunity to work with some of the smartest and most dedicated individuals I’ve ever encountered on some of the most complex and important policy questions facing our modern capital markets. It has been both an incredibly rewarding and very humbling experience.”
Before coming to the SEC Berman was a co-founding partner of New York-based RiskMetrics Group, which focuses on risk management, corporate governance and financial research and analytics, officials say. He has also co-managed a private hedge fund and conducted research in experimental nuclear physics in the past. He holds a Ph.D. in physics from Princeton University.
Need a Reprint?
Leave a Reply