Steven M. Bloom currently serves as Associate Professor of Practice at the Dwight D. Eisenhower School for National Security and Resource Strategy. Previously, he instructed U.S. State Department Foreign Service officers in economics and the global capital markets, and SEC enforcement attorneys and U.S. corporate executives in the use of stock options. He also taught courses on financial derivatives, portfolio management, and investment analysis to MBA students at Montclair State University, and helped develop and teach the financial economics curriculum for the Department of Social Sciences at USMA-West Point, where he served for five years and won the William F. Murdy Award for Teaching Excellence.
In his 25-year business career, Dr. Bloom consulted in the invention, marketing, and research of financial instruments for the global capital markets. On Wall Street, he served as Senior Vice President for the NASDAQ Stock Market in charge of its Financial Instruments business unit. At National Economic Research Associates, he served as Senior Consultant in Securities and Finance, and at the American Stock Exchange he served 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 Chase, Bank of New York, the Philadelphia Stock Exchange, the Sydney Futures Exchange, and Fortune magazine, among others.
At the American Stock Exchange, Dr. Bloom contributed significantly to the creation and launch of SPDRs® (Standard & Poor's Depositary Receipts®), the first and largest Exchange Traded Fund (ETF) in the world. He also contributed to the creation and launch of QQQ® for the NASDAQ Stock Market, and helped popularize ETFs in the U.S., Europe, the Middle East, and the Asia/Pacific region. To help commemorate the 20th anniversary of the global launch of Exchange Traded Funds and SPDRs, in January 2013, he was honored to ring the opening bell on the trading floor of the NYSE.
Dr. Bloom was the first recipient of the Skip Viragh Award for innovation and integrity in the financial services industry. He holds an A.M. and Ph.D. in Economics from Harvard University under an NSF graduate fellowship, and a B.S. in Industrial and Labor Relations where he graduated as valedictorian from Cornell University. He has served as arbitrator for FINRA (previously NYSE and NASD) since 1996, and has held Series 7 and Series 63 registrations. He has been featured in numerous business articles through the years, including the cover story “Wall Street Rocket Scientists” in the premier issue of Worth magazine in 1992, and most recently in the story “Behind the ETF Revolution” in Bloomberg Markets magazine in 2016.
Dr. Bloom also recently co-authored a paper entitled “The Economics of National Security,” with MAJs Mike Walker, Pete Peters, and Jim Lacovara, which now appears as Chapter 12 of Jordan, Amos A, William J. Taylor, Michael J. Meese and Suzanne C. Nielsen, American National Security, 7e, Baltimore: The Johns Hopkins University Press (2018).