Dr. Steven M. Bloom
Assistant Professor (Economics) Contact: Office:
LH 211 Phone:
Steven M. Bloom joined the USMA faculty in 2010 to teach Economics and Finance. In 2011, he received the William F. Murdy Award for Teaching Excellence. Previously, Dr. Bloom served as Senior Vice President for The NASDAQ OMX Group, Inc. in charge of its Financial Products business unit. He also served at National Economic Research Associates as Senior Consultant in Securities and Finance, and at the American Stock Exchange as Chief Economist, Senior Vice President for Equity Research, and Vice President for New Products Development. His consulting clients have included the U.S. Securities and Exchange Commission, JPMorgan, the Bank of New York, the NASDAQ Stock Market, the Philadelphia Stock Exchange, the Sydney Futures Exchange, and Fortune magazine, among others. While at the American Stock Exchange, he contributed significantly to the creation, development, and launch of SPDRs® (Standard & Poor's Depositary Receipts®), the first Exchange Traded Fund. Since then, he has helped popularize ETFs around the world, including through the creation and launch of QQQ® (the Nasdaq-100 Index Tracking Stock®). In 2004, he was the first recipient of the Skip Viragh Award for innovation and integrity in the financial services industry. He was featured in the cover story “Wall Street Rocket Scientists” in the premier issue of Worth magazine in 1992, and in the book ETFs for the Long Run by Lawrence Carrel in 2008..
Graduate School of Arts and Sciences
Ph.D., Economics, 1986
A.M., Economics, 1984
National Science Foundation Graduate Fellow
N.Y.S. School of Industrial and Labor Relations
B.S., Industrial and Labor Relations, 1980
• “Equity Diversification in the New Global Era: The Case for BLDRS,” white paper published by NASDAQ Stock Market, Sept. 2004.
• “The Rocket Science of New Product Operations,” Securities Operations Letter, Securities Operations Forum, March 1993.
• “Institutional Change and Labour-Market Adjustment,” in Unemployment: International Perspectives, Morley Gunderson et al., editors, (with D. Bloom), University of Toronto Press, 1987.
• “The Economics of Employee Ownership,” Proceedings of the Thirty-Seventh Annual Meeting of the Industrial Relations Research Association, Dallas, December 1984.
Dr. Bloom's research interests include innovative financial products and market systems