Out of the Pits: Traders and Technology from Chicago to London
From New York to Singapore, from Chicago to London, the trading floors of the world’s financial markets are icons of global capitalism. Images of them are used on the news all the time—traders burying their heads in their hands when the market is down, their arms flailing in a frenzy when fortunes are rising—to convey the current state of the economy. But these marketplaces, and the cultural life that sustains them, are dissolving into the ether of the digital age: powerful financial institutions are shutting down the trading pits, replacing face-to-face exchanges with an electronic network where traders sit, face to screen, finger to mouse, and compete in a global arena made up of digits and charts.
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Review: Out of the Pits: Traders and Technology from Chicago to LondonUser Review - Peter - Goodreads
I envy Caitlyn Zaloom. She started an ethnographic study of commodity futures traders at the Chicago Board of Trade right before the Board switched from open-outcry to electronic trading. It's hard to ... Read full review
Review: Out of the Pits: Traders and Technology from Chicago to LondonUser Review - Chris - Goodreads
A good ethnograpgy and i find her work on "emboding practice" is good but like most of Rabinow's students she moves from Foucault and Weber forgetting Marx and the fact that both theorists (Foucault ... Read full review