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

Juan Pablo Pardo-Guerra

ISBN 10: 1108496423 / ISBN 13: 9781108496421

Published by Cambridge University Press, 2019

About this Item

2019. Hardcover. . . . . .

Seller Inventory # V9781108496421

Bibliographic Details

• Title: Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets
• Publisher: Cambridge University Press
• Publication Date: 2019
• Language: English
• ISBN 10: 1108496423
• ISBN 13: 9781108496421
• Binding: Hardcover
• Condition: New

About this title

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.

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.