Congratulations to Terrance C. Fung of City University Hong Kong whose paper, Media and Market Quality, has been judged as the winner of the Sirca Research Prize at the 2012 Australian Finance and Banking Conference in Sydney. Terrance collects AU$2500 for his efforts. Eligible papers for this award had to use Sirca Data (this includes ASX intraday tick data and regulatory disclosures, and Thomson Reuters Tick History and Reuters News).