2003
DOI: 10.1525/ae.2003.30.2.258
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Ambiguous numbers: Trading technologies and interpretation in financial markets

Abstract: Financial markets and information technologies are key issues for contemporary social theory and the anthropology of globalization. Drawing on fieldwork in Chicago and London, I examine the interplay between processes of technological rationalization and the situated actions of traders in two financial futures markets—one that operates on open‐outcry pit technology and the other process online. Both technologies represent the market in numbers. Traders use these symbols to read and interpret the market. Yet ea… Show more

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Cited by 237 publications
(128 citation statements)
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References 21 publications
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“…Conceiving speculation in this way, 2 anthropologists can address what makes such ventures a viable mode of action for a broad swath of the populationnot just the narrow category of professional financial risk-takers so ably analysed in the anthropological literature (Maurer 2006;Miyazaki 2006 andRiles 2004;Zaloom 2003). It will be argued that trust is one element in a spectrum of motivations involved in speculation, and for that reason it is worth defining 'trust' rather precisely as a moral expectation of known others (this will be discussed further below).…”
Section: Bibliographymentioning
confidence: 99%
“…Conceiving speculation in this way, 2 anthropologists can address what makes such ventures a viable mode of action for a broad swath of the populationnot just the narrow category of professional financial risk-takers so ably analysed in the anthropological literature (Maurer 2006;Miyazaki 2006 andRiles 2004;Zaloom 2003). It will be argued that trust is one element in a spectrum of motivations involved in speculation, and for that reason it is worth defining 'trust' rather precisely as a moral expectation of known others (this will be discussed further below).…”
Section: Bibliographymentioning
confidence: 99%
“…Such kind of emotional signaling does not depend on physical Working Paper No. 105 presence, but can be reconstructed in the electronic trading places, where groups of traders develop identities and forge strategies against each others, such as in the competitive relations between traders at different financial centers (Zaloom, 2003).…”
Section: Implications For the Theory Of Financementioning
confidence: 99%
“…LIFFE's traders were often defiantly East End or 'Essex boys' (Zaloom 2003 and rather than gentlemen.…”
Section: Cultural Geographymentioning
confidence: 99%