CME Group and MSRI Award Doug Diamond with the CME Group-MSRI Prize in Innovative Quantitative Applications

Douglas Diamond

"Theoretical work on the important links between financial markets and institutions has proved to be important recently, and I am grateful that CME and MSRI have again recognized work in this area."

The CME Group- MSRI Prize in Innovative Quantitative Applications was created by CME Group in partnership with the esteemed Mathematical Sciences Research Institute (MSRI) in 2006. Awarded annually, the prize rewards exemplary work in the field of mathematical sciences and recognizes the vital impact quantitative research and application play in shaping global financial markets. It recognizes an individual or group who has contributed and applied original and significant ideas and concepts to quantitative fields such as mathematics, statistics and computing for the study of market’s behavior and global economics.

The 2015 CME Group-MSRI Prize was presented to Douglas Diamond at the annual award luncheon in Chicago on February 1, 2016.

Doug Diamond and panelists reflect on the CME Group-MSRI Prize

About Douglas Diamond

Douglas W. Diamond specializes in the study of financial intermediaries, financial crises, and liquidity. He is the Fisher Black Visiting Professor of Financial Economics at the MIT Sloan School of Management, 2015-2016, and the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.

He is the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business. He has been on the faculty since 1979. Diamond is a research associate of the National Bureau of Economic Research and a visiting scholar at the Federal Reserve Bank of Richmond. He was president of the American Finance Association and the Western Finance Association and is a fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association. Diamond received the Morgan Stanley-American Finance Association Award for Excellence in Finance in 2012.

He has taught at Yale and was a visiting professor at the Hong Kong University of Science and Technology as well as the University of Bonn. Diamond earned a bachelor's degree in economics from Brown University in 1975. He earned master's degrees in 1976 and 1977 and a PhD in 1980 in economics from Yale University.

Past Winners

2014 | José A. Scheinkman
Charles and Lynn Zhang Professor of Economics at Columbia University and Theodore A. Wells ‘29 Professor of Economics Emeritus at Princeton University

2013 Bengt Holmstrom
Paul A. Samuelson Professor of Economics, Massachusetts Institute of Technology

2012 | Robert J. Shiller
Nobel Laureate in Economic Sciences (2013), Sterling Professor of Economics,Yale University, and Professor of Finance and Fellow at the International Center for Finance, Yale School of Management

2011 | Thomas J. Sargent
Nobel Laureate in Economic Sciences (2011), William R. Berkley Professor of Economics and Business, Stern School of Business, New York University, and Senior Fellow at the Hoover Institution

2010 | Jean Tirole
Nobel Laureate in Economic Sciences (2014), Scientific Director of the Industrial Economics Institute at the University of Toulouse Capitole, Member of the Toulouse School of Economics

2009 | Sanford J. Grossman
Chairman and CEO, Quantitative Financial Strategies, Inc.

2008 | Lars Peter Hansen
Nobel Laureate in Economic Sciences (2013) and David Rockefeller Distinguished Service Professor in Economics and Statistics, University of Chicago

2007 | David M. Kreps
Adams Distinguished Professor of Management, Stanford University Graduate School of Business

2006 | Stephen A. Ross
Franco Modigliani Professor of Financial Economics, MIT Sloan School of Management

About the CME Group Center of Innovation

Throughout history, CME Group has continually embraced change and fostered an entrepreneurial spirit that has enabled the futures industry to grow and prosper. To a greater extent, the power of innovation has proven its ability to transform business, influence the direction of civilization and alter its reality for the better. CME Group’s Center for Innovation (CFI) creates and sponsors thought-provoking original programming that identifies, showcases and fosters examples of significant innovation and creative thinking across multiple industries in both the public and private sectors. Each program explores and communicates the principles behind innovation, and more importantly, showcases their application to a broad and diverse audience.

The CME Group-MSRI Prize in Innovative Quantitative Applications a signature program of the CFI. Read more about CFI here.