Lilly is an expert in the economics of financial markets, trading practices, and trader conduct with a particular focus on derivatives trading, securities and commodities markets, and analysis of high-frequency trading (HFT) data. For over 18 years, she has been part of specialized economic and forensic research team dedicated to the analysis of commodity and financial markets. She specializes in reviewing complex trading and hedging strategies for internal investigations, regulatory investigations, and litigation. Lilly work uses data to re-create and examine complex trading strategies and their interactions with the market. She has extensive experience with HFT data sets such as trade capture systems, market transaction data, audit logs, and limit-order-book data from various futures and equities markets. She has served as an expert or assisted the testifying expert with many major market manipulation inquiries, regulatory enforcement actions, and trading investigations by the CFTC, SEC, DOJ, European Commission, exchanges, and civil plaintiffs. Lilly holds an MA in applied economics from Johns Hopkins University and is a CFA Charterholder.