Trading Beyond Understanding: Machine Learning, Risk, and Markets (Currencies: New Thinking for Financial Times) - Softcover

Borch, Christian

Softcover

ISBN 10: 1503645525 ISBN 13: 9781503645523

Publisher: Stanford University Press, 2026

Synopsis

Machine learning is fundamentally transforming financial markets. Where trading strategies were once crafted by human experts—executed manually or through pre-coded rules—firms now build models that generate the strategies themselves. These are not just tools but trading automatons: semi-independent systems designed to learn from markets and act on their own. Drawing on over a decade of fieldwork in financial markets, Christian Borch offers a rare inside look at how these systems are built, the risks they pose, and how they challenge our understanding of markets and decision-making. As trading automatons grow more complex and opaque—even to their designers—new sociological questions emerge: What happens when machines become the primary agents in markets? And how should we understand economic action when human judgment is no longer at the center? Trading Beyond Understanding is a powerful investigation of machine agency, market transformation, and the shifting boundaries between technological systems and social life.

About this title

About the Author

Christian Borch is Professor of Sociology at the University of Copenhagen. He is the author of The Politics of Crowds (2012) and Social Avalanche (2020), and co-editor of The Oxford Handbook of the Sociology of Machine Learning (2025).

Edition details

• Publisher: Stanford University Press
• Publication date: 2026
• Language: English
• ISBN 10: 1503645525
• ISBN 13: 9781503645523
• Binding: Paperback
• Edition number: 1
• Number of pages: 232