Whoosh goes the market algorithms, automation, and alienation / Daniel Scott Souleles.
| Author/creator | Souleles, Daniel Scott |
| Format | Electronic |
| Publication Info | Chicago ; London : The University of Chicago Press, 2024. |
| Description | xxi, 213 pages : illustrations ; 24 cm |
| Supplemental Content | Full text available from eBooks on EBSCOhost |
| Subjects |
| Contents | Preface : five times a day? -- Whooshing up -- Everything is down again -- The greatest trader in the world -- On markets : rallies and flows -- Eternal optimizers -- A nice chianti for our trading partner, the target bomber -- They don't tell you that there's no price -- Why would you buy an electric car on jet ski Friday? -- The economy will be open by Easter. |
| Abstract | "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: Algorithms, Automation, and Alienation, Daniel 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 team Souleles shadows has mostly moved out of the pits and work with automated, glitch-prone computer systems. They remember the days 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 frontlines of American capitalism"-- Provided by publisher. |
| Abstract | "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 team 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 frontlines of American capitalism"-- Provided by publisher. |
| Bibliography note | Includes bibliographical references (pages 195-203) and index. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| LCCN | 2023048028 |
| ISBN | 9780226833774 (cloth) |
| ISBN | 9780226833798 (paperback) |
| ISBN | (ebook) |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |