Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets - Hardcover

Pardo-Guerra, Juan Pablo

  • 3.86 out of 5 stars
    7 ratings by Goodreads
 
9781108496421: Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets
Hardcover
ISBN 10: 1108496423 ISBN 13: 9781108496421
Publisher: Cambridge University Press, 2019

Synopsis

Trading floors are a thing of the past. Thanks to a combination of computers, high-speed networks and algorithms, millions of financial transactions now happen in fractions of a second. This book studies the automation of stock markets in the United Kingdom and the United States of America, identifying the invisible actors, devices, and politics that were central to the creation of electronic trading. In addition to offering a detailed account of how stock exchanges wrestled with technology, the book also invites readers to rethink the nature of markets in modern societies. Markets, it argues, are sites for the creation of relations, and in studying how these relations changed through technology, the book highlights the sources, dynamics, and consequences of automation. In this respect, the book is both a history of automation in finance and a sociological analysis of the way in which automation gradually changed the lives and work of key financial actors.

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About the Author

Juan Pablo Pardo-Guerra is Assistant Professor in Sociology at the University of California, San Diego. Building on an early interest in econophysics and artificial financial markets, his work covers the history of technology in financial markets, the sociology of art markets, and the use of computational methods in social science.

From the Back Cover

"This is finally the much-needed story of the automation of the most powerful and prominent stock exchanges of the world - the LSE and NYSE. An authoritative contemporary history going up to the present that brings out the hidden intersections between group structures, cultural beliefs, technology, and financial markets. A must-read for economic sociologists and anthropologists, sociologists of professions, and STS scholars studying infrastructures and technology."
Karin Knorr Cetina, Otto Borchert Distinguished Service Professor,
 University of Chicago

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Publisher
Cambridge University Press
Publication date
2019
Language
English
ISBN 10 
1108496423
ISBN 13 
9781108496421
Binding
Hardcover
Number of pages
370
Rating
  • 3.86 out of 5 stars
    7 ratings by Goodreads