Out of the Pits: Traders and Technology from Chicago to London (Paperback)Caitlin Zaloom (author)
Paperback 240 Pages
In "Out of the Pits", Caitlin Zaloom shows how traders, brokers, and global financial markets have adapted to the digital age. Drawing on her firsthand experiences as a clerk and a trader, as well as her unusual access to key sites of global finance, she explains how changes at the world's leading financial exchanges have transformed economic cultures and the craft of speculation; how people and places are responding to the digital transition; how traders are remaking themselves to compete in the contemporary marketplace; and how brokers, business managers, and software designers are collaborating to build new markets. A penetrating and richly detailed account of how cities, culture, and technology shape everyday life in the global economy, "Out of the Pits" will be required reading for anyone who has ever wondered how financial markets work.
Publisher: The University of Chicago Press
Number of pages: 240
Weight: 340 g
Dimensions: 23 x 15 x 1 mm
"Zaloom's superb book is a double-site ethnography [that shows how] the appearance of chaos hid a complex social order, which Zaloom delineates beautifully." - London Review of Books "The book is half fascinating cultural portrait and half in-depth academic text.... What emerges from the mix is a nuanced, bottom-up picture of Chicago's economic importance in the world market, and how our city's working-class swagger has shaped derivatives trading from the inception of the market." - Time Out Chicago"
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