“…Firstly, standards are discussed in the context of marketization processes (Berndt and Boeckler, 2012), as they provide the necessary social, technical, and calculative infrastructures for markets to function (Heeg and Bitterer, 2015). Standards are thus a central part of markets infrastructures, understood here with MacKenzie as ‘the social, cultural, and technical conditions that make [markets] possible’ (MacKenzie, 2005: 12; see also Bitterer and Heeg, 2015; Knox-Hayes, 2013), including, for instance, financial institutions, buildings, norms, knowledge, technological devices, or social networks. Standards, it is argued, are pivotal for these infrastructures, through their ‘capacity to enhance coordination’ (Botzem and Dobusch, 2012: 737).…”