Tools of the trade: the socio-technology of arbitrage in a Wall Street trading room

By Daniel Beunza, David Stark. 2004

566 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/8f4903c26e53ae8ad179f253348951633bc7e57f

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Citations in the corpus

Moral Views of Market Society (2007, background): “The theme throughout is that markets are embedded in, entangled with, or otherwise dependent on other parts of society (Beckert 2002).”
Assembling an Economic Actor: The Agencement of a Hedge Fund (2007, background): “The second particularly relevant ethnography is Beunza and Stark (2004).”
From counting risk to making risk count: Boundary-work in risk management (2011, background): “Inside the metrological drama of risk management: Boundary-work Risk management, being a highly “technologized” activity (Beunza and Stark, 2004), can reasonably be expected to assume an organizational significance similar to that of other fields of recognized expertise (MacKenzie, 2005) and other…”
Geographies of money and finance I: Cultural economy, politics and place (2011, background): “…geographies through, for example, more affordable credit to firms and householders as lenders relaxed their borrowing requirements and the emergence of new business models associated with hedge funds and private equity firms (see, for example, Beunza and Stark, 2004; Hardie and MacKenzie, 2007).”
Take an issue: cultural economy and finance (2007, background): “The sheer volume of data requires not just quantitative but qualitative techniques to help interpret the numbers (Beunza and Stark 2004).”
Peripheral Vision (2005, unknown): “Comparability and substitutability are at the heart of methods for pricing derivatives and of arbitrage techniques (Beunza and Stark 2004; MacKenzie 2003b).”
The Organization of Responsiveness: Innovation and Recovery in the Trading Rooms of Lower Manhattan (2003, background): “of value and different forms of instrumentation corresponding to each (for details see Beunza and Stark, 2002 ).”
Cultural-economy and cities (2007, background): “Third, it demands understanding of a raft of urban actants that make markets, ranging from the aural and visual performances of suppliers, intermediaries and consumers in streets, retail parks and bazaars, through to the ways in which specific sites such as computer screens, business associations or”
Economization, part 2: a research programme for the study of markets (2010, background): “These include not only information and communication technologies, but equally, and every bit as importantly, the bodies of traders and the desks at their disposal (Beunza & Stark, 2004).”
From dissonance to resonance: cognitive interdependence in quantitative finance (2012, unknown): “The arbitrageurs confronted the news on the following morning, minutes before our visit.”
Do economists make policies? On the political effects of economics (2014, background): “Under the broad label of science studies, we include literature on performativity and the social studies of finance (Callon, 1998b; Beunza and Stark, 2004; MacKenzie, 2006), sociological literature on technical processes such as quantification, accounting and market design (Carruthers and Espeland,…”
What do business models do? Narratives, calculation and market exploration (2009, unknown): “In a similar vein, Beunza and Stark (2004) demonstrate that the practice of arbitrage in financial markets involves a calculation that is distributed across the different desks of a trading room, the various tools, such as screens and computer programmes, with which arbitrageurs continuously…”