Franklin

Automating finance : infrastructures, engineers, and the making of electronic markets / Juan Pablo Pardo-Guerra, University of California, San Diego.

Author/Creator:
Pardo-Guerra, Juan Pablo, author.
Publication:
Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2019.
Format/Description:
Book
xvi, 357 pages : illustrations ; 25 cm
Subjects:
Finance -- Technological innovations.
Securities -- Data processing.
Electronic trading of securities.
Capital market.
Capital market.
Electronic trading of securities.
Finance -- Technological innovations.
Securities -- Data processing.
Summary:
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.
Contents:
Markets in milliseconds
Infrastructures of kinship
The power of invisibility
The hubris of platforms
The wizards of King Street
Making moral markets
Rabbits guarding the lettuce
Infrastructures, kinship, and queues.
Notes:
Includes bibliographical references (pages 327-351) and index.
Other format:
ebook version :
ISBN:
9781108496421
1108496423
9781108677585 (ebook)
OCLC:
1065888241
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