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Winners of the RAPS Awards

The winners of the annual RAPS Awards were announced at SFS Cavalcade North America 2026. We are pleased to share the winners:

Best Paper Award
“Priority Rules, Internalization, and Payment for Order Flow”
Hans Degryse and Nikolaos Karagiannis
Prize: $10,000

Referee of the Year
Andrei Goncalves
Prize: $1000

Rising Scholar Award
“Asset Pricing in the Information Age: Employee Expectations and Stock Returns”
Jinfei Sheng
Prize: $5000

Congratulations to all our award winners!