Trading at the Speed of Light : How Ultrafast Algorithms Are Transforming Financial Markets / Donald MACKENZIE / Princeton University Press (2021)  

Titre : Trading at the Speed of Light : How Ultrafast Algorithms Are Transforming Financial Markets Type de document : e-book Auteurs : Donald MACKENZIE Editeur : Princeton University Press Année de publication : 2021 ISBN/ISSN/EAN : 9780691217789 Note générale : copyrighted Langues : Anglais (eng) Résumé : A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial markets In today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading—automated high-frequency trading or HFT—began and then spread throughout the world. HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal—light in a vacuum—can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges’ systems and to the location of the microwave towers that carry signals between computer datacenters. Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future. Nombre d'accès : Illimité En ligne : https://neoma-bs.idm.oclc.org/login?url=https://www.scholarvox.com/book/88914388 Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=534891

Do Economists Make Markets? : On the Performativity of Economics / Donald MACKENZIE / Princeton University Press (2020)  

Titre : Do Economists Make Markets? : On the Performativity of Economics Type de document : e-book Auteurs : Donald MACKENZIE Editeur : Princeton University Press Année de publication : 2020 ISBN/ISSN/EAN : 9780691138497 Note générale : copyrighted Langues : Anglais (eng) Résumé : Around the globe, economists affect markets by saying what markets are doing, what they should do, and what they will do. Increasingly, experimental economists are even designing real-world markets. But, despite these facts, economists are still largely thought of as scientists who merely observe markets from the outside, like astronomers look at the stars. Do Economists Make Markets? boldly challenges this view. It is the first book dedicated to the controversial question of whether economics is performative--of whether, in some cases, economics actually produces the phenomena it analyzes. The book's case studies--including financial derivatives markets, telecommunications-frequency auctions, and individual transferable quotas in fisheries--give substance to the notion of the performativity of economics in an accessible, nontechnical way. Some chapters defend the notion; others attack it vigorously. The book ends with an extended chapter in which Michel Callon, the idea's main formulator, reflects upon the debate and asks what it means to say economics is performative. The book's insights and strong claims about the ways economics is entangled with the markets it studies should interest--and provoke--economic sociologists, economists, and other social scientists. In addition to the editors and Callon, the contributors include Marie-France Garcia-Parpet, Francesco Guala, Emmanuel Didier, Philip Mirowski, Edward Nik-Khah, Petter Holm, Vincent-Antonin Lépinay, and Timothy Mitchell. Nombre d'accès : Illimité En ligne : https://neoma-bs.idm.oclc.org/login?url=https://www.scholarvox.com/book/88935537 Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=557066

Do economists make markets? / Donald MACKENZIE ; Fabian MUNIESA ; Lucia SIU / Princeton University Press (2007)

Titre : Do economists make markets? : On the performativity of economics Type de document : Livre Auteurs : Donald MACKENZIE, Éditeur scientifique ; Fabian MUNIESA, Éditeur scientifique ; Lucia SIU, Éditeur scientifique Editeur : Princeton University Press Année de publication : 2007 Importance : vi, 373 p. ISBN/ISSN/EAN : 978-0-691-13016-3 Prix : 30 EUR Note générale : Index. Langues : Anglais (eng) Mots-clés : Management ECONOMIE INTERNATIONALE ; MARCHE FINANCIER ; FINANCE DE MARCHE Résumé : Around the globe, economists affect markets by saying what markets are doing, what they should do, and what they will do. Increasingly, experimental economists are even designing real-world markets. But, despite these facts, economists are still largely thought of as scientists who merely observe markets from the outside, like astronomers look at the stars. Do Economists Make Markets? boldly challenges this view. It is the first book dedicated to the controversial question of whether economics is performative--of whether, in some cases, economics actually produces the phenomena it analyzes. The book's case studies--including financial derivatives markets, telecommunications-frequency auctions, and individual transferable quotas in fisheries--give substance to the notion of the performativity of economics in an accessible, nontechnical way. Some chapters defend the notion; others attack it vigorously. The book ends with an extended chapter in which Michel Callon, the idea's main formulator, reflects upon the debate and asks what it means to say economics is performative. The book's insights and strong claims about the ways economics is entangled with the markets it studies should interest--and provoke--economic sociologists, economists, and other social scientists. In addition to the editors and Callon, the contributors include Marie-France Garcia-Parpet, Francesco Guala, Emmanuel Didier, Philip Mirowski, Edward Nik-Khah, Petter Holm, Vincent-Antonin Lepinay, and Timothy Mitchell Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=156273

Exemplaires(1)

Code-barres	Cote	Support	Localisation	Section	Disponibilité
044991	332/MAC	Livre	Library Campus de Reims	Salle de lecture	Sorti jusqu'au 08/03/2021

An Engine, Not a Camera : How Financial Models Shape Markets / Donald MACKENZIE / MIT PRESS (2006)  

Titre : An Engine, Not a Camera : How Financial Models Shape Markets Type de document : e-book Auteurs : Donald MACKENZIE Editeur : MIT PRESS Année de publication : 2006 ISBN/ISSN/EAN : 9780262134606 Note générale : copyrighted Langues : Anglais (eng) Nombre d'accès : Illimité En ligne : https://neoma-bs.idm.oclc.org/login?url=https://www.scholarvox.com/book/88800301 Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=462322