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Reuben Segara

Reuben Segara

BBus(Hons) UTS; PhD
Senior Lecturer

Rm 447
H69 - Economics and Business Building
The University of Sydney
NSW 2006 Australia

Telephone +61 2 9351 8790
Fax +61 2 9351 6461
reuben.segara@sydney.edu.au


Bio

Dr. Reuben Segara is a Lecturer of Finance at the University of Sydney. Dr Segara is also a research associate with the Capital Markets Co-Operative Research Centre (CRC) Limited. His research interests and expertise are primarily in the areas of microstructure influences on the performance of equities and derivative markets, investment and risk management and the efficiency of capital markets.

Dr. Segara earned his Ph.D. (Finance) from the School of Business at the University of Sydney. He also holds a Bachelor of Business, majoring in accounting and finance from the University of Technology, Sydney and an honours degree in economics and finance at the same institution. His post-graduate degree was financially supported by securing one of two prestigious Australian Stock Exchange scholarships, whilst working as a research assocaite for the Securities Industry Research Centre of Asia-Pacific (SIRCA). He is actively involved in equities markets research with the Australian Securities Exchange (ASX). Dr. Segara maintains an active research agenda and seeks to be an active participant within the investment community.

Publications

2013

4
Journal Article/s

Petrella G and Segara R 2013 'The bid–ask spread of bank-issued options: a quantile regression analysis', Quantitative Finance, vol.13:8, pp. 1241-55 Link

2012

2
Book Section/s

Lepone A, Segara R and Wong B 2012 'Does broker anonymity hide informed traders?' in International Finance Review: Volume 13- Transparency and Governance in a Global World, ed. J. Jay Choi and Heibatollah Sami , Emerald , Bingley, United Kingdom, pp. 287-317

4
Journal Article/s

Lecce S, Lepone A, McKenzie M and Segara R 2012 'The impact of naked short selling on the securities lending and equity market', Journal of Financial Markets, vol.15:1, pp. 81-107 Link

Segara R, Das A and Turner J 2012 'Performance of Active Extension Strategies: Evidence from the Australian Equities Market', Australasian Accounting Business and Finance Journal, vol.6:3, pp. 3-24 Link

2011

4
Journal Article/s

Frino A, Lecce S and Segara R 2011 'The Impact of Trading Halts on Liquidity and Price Volatility: Evidence from the Australian Stock Exchange', Pacific Basin Finance Journal, vol.19:3, pp. 298-307

2010

4
Journal Article/s

Bell A, Mladenovic R and Segara R 2010 'Supporting the reflective practice of tutors: what do tutors reflect on?', Teaching in Higher Education, vol.15:1, pp. 57-70

5
Conference Paper/s

Leung H, Lepone A and Segara R 2010 'Information Asymmetry around Earnings Announcements in the Order Driven Market: Australian Evidence', 2nd Financial Management Association FMA International Annual Asian Conference 2010, Singapore Management University, Singapore, 16th July 2010

2009

4
Journal Article/s

Frino A, Segara R and Zheng H 2009 'The Impact of Trade Characteristics on Stock Return Volatility: Evidence from the Australian Stock Exchange', Asia-Pacific Journal of Financial Studies, vol.38:2, pp. 163-86

5
Conference Paper/s

Bell A, Mladenovic R and Segara R 2009 'Supporting the reflective practice of tutors: what do tutors reflect on?', Accounting and Finance Association of Australia and New Zealand AFAANZ 2009, Adelaide, Australia, 7th July 2009

Segara R, Muthuswamy J, Richie N and Webb R 2009 'Does Spurious Mean Reversion in Basis Changes Still Exist after the Introduction of Exchange Traded Funds?', 19th Annual Asia-Pacific Futures Research Symposium, Taipei, Taiwan, 3rd March 2009

2008

1
Book/s

Frino A and Segara R 2008 'Trade Execution, Arbitrage and Dealing in Australia', Pearson Prentice Hall, Sydney, Australia, pp. 122

4
Journal Article/s

Aitken M, Harris R, McInish TH and Segara R 2008 'Are third-party equity warrants redundant?', Journal of Financial Transformation (in the Cass-Capco Institute Paper Series on Risk), vol.22:2, pp. 153-61

Jarnecic E, Segara R, Segara L and Westerholm J 2008 'The Scholarly Output of Universities and Academics in the Asia-Pacific Region Who Publish in Major Finance Journals: 2000-2007', Australasian Accounting Business and Finance Journal, vol.2:3, pp. 26-56

5
Conference Paper/s

Frino A, Li JGeorge and Segara R 2008 'On-market or off-market? An analysis on the choice of trading venue for the Australian Stock Exchange', 2008 AFAANZ/IAAER Conference, Sydney, Australia, 8th July 2008 Link

2007

4
Journal Article/s

Segara L and Segara R 2007 'Intraday trading patterns in the equity warrants and equity options markets: Australian evidence', Australasian Accounting Business and Finance Journal, vol.1:2, pp. 42-60

Segara R, Muthuswamy J and Webb B 2007 'Market Microstructure Effects on Volatility at the TAIFEX', Journal of Future Markets, vol.27:12, pp. 1219-1243

5
Conference Paper/s

Muthuswamy J, Segara R and Webb B 2007 'Market Microstructure Effects on Volatility at the TAIFEX', 17th Annual Asia-Pacific Futures Research Symposium, Shanghai, China, 1st January 2007-31st December 2007

2006

4
Journal Article/s

Gallagher D and Segara R 2006 'The Performance of Exchange-Traded Funds in Australia', Journal of Investment Strategy, vol.1:2

2005

4
Journal Article/s

Segara R and Aitken M 2005 'Impact of warrant introductions on the behaviour of underlying stocks: Australian evidence', Accounting and Finance, vol.45:1, pp. 127-144 Link

6
Conference Proceeding/s

Aitken M, Harris F, McInish T and Segara R 2005 'Are warrants redundant? Spanning tests and price discovery', European Financial Management Association (EFMA) Conference, Siena, Italy, 11th June 2005 Link

2004

6
Conference Proceeding/s

Segara R 2004 'The impact of warrant introduction on the behaviour of underlying securities', Accounting and Finance Association of Australia and New Zealand (AFAANZ) Conference, Alice Springs, NT, Australia, 6th July 2004

2002

5
Conference Paper/s

Segara R 2002 'The intra-day behaviour of three related securites: Equity warrants, equity options and their underlying stocks', European Financial Management Association Conference, Paris, France, 1st - 31st May 2002

2000

4
Journal Article/s

Aitken H and Segara R 2000 'The impact of Nasdaq listing on ASX stocks', ASX Perspective, vol.1

1999

10
Report/s

Briers M, Cuganesan S, Martin M and Segara R 1999 'Asian bond markets - Their role in the Asian crisis', Securities Industry Research Centre of Asia-Pacific (in conjunction with the Department of Foreign Affairs and Trade)

1998

1
Book/s

Briers M, Cuganesan S, Martin M and Segara R 1998 'Australian financial markets review: Towards a regional financial centre', University of New South Wales Press, Sydney, NSW, Australia

1997

10
Report/s

Aitken M, Frino A, Jarnecic E, McCorry M, Winn R and Segara R 1997 'The microstructure of the Australian Stock Exchange: An introduction', Asia Pacific Capital Markets Foundation

Research Expertise

  • Derivative securities and risk management
  • Efficiency of capital markets
  • Securities market microstructure

Recent Units Taught