Whoosh Goes the Market

Algorithms, Automation, and Alienation

Häftad, Engelska, 2024

AvDaniel Scott Souleles

309 kr

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A vivid, fast-paced inside look at financial markets, the people who work on them, and how technology is changing their world (and ours). Markets are messy, and no one knows this better than traders who work tirelessly to predict what they will do next. In Whoosh Goes the Market, Daniel Scott Souleles takes us into the day-to-day experiences of a team at a large trading firm, revealing what it’s actually like to make and lose money on contemporary capital markets. The traders Souleles shadows have mostly moved out of the pits and now work with automated, glitch-prone computer systems. They remember the days of trading manually, and they are suspicious of algorithmically driven machine-learning systems. Openly musing about their own potential extinction, they spend their time expressing fear and frustration in profanity-laced language. With Souleles as our guide, we learn about everything from betting strategies to inflated valuations, trading swings, and market manipulation. This crash course in contemporary finance vividly reveals the existential anxiety at the evolving front lines of American capitalism.

Produktinformation

Utgivningsdatum2024-06-25
Mått152 x 229 x 15 mm
Vikt313 g
FormatHäftad
SpråkEngelska
Antal sidor208
FörlagThe University of Chicago Press
ISBN9780226833798

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Preface: Five Times a Day?1. Whooshing Up2. Everything Is Down Again3. The Greatest Trader in the World4. On Markets: Rallies and Flows5. Eternal Optimizers6. A Nice Chianti for Our Trading Partner, the Target Bomber7. They Don’t Tell You That There’s No Price8. Why Would You Buy an Electric Car on Jet Ski Friday?9. The Economy Will Be Open by EasterAcknowledgmentsAppendix A. Note-Taking SummaryAppendix B. Profanity DistributionAppendix C. AlgoFinance Project InformantsAppendix D. How Exchange Professionals Use the Word MarketAppendix E. How Quants Use the Word Stem AlgoGlossary of Some Trading WordsNotesReferencesIndex