Global Microstructures: The Virtual Societies of Financial Markets

# Global Microstructures: The Virtual Societies of Financial Markets > OpenAlex Metadata Hub · https://openalex.org/W2124577854 ## Bibliographic - **DOI:** 10.1086/341045 - **Year:** 2002 - **Citations:** 1048 - **Open Access:** No (closed) - **License:** — - **Source:** https://doi.org/10.1086/341045 ## Authors - Karin Knorr Cetina - Urs Bruegger ## Abstract Using participant-observation data, interviews, and trading transcripts drawn from interbank currency trading in global investment banks, this article examines regular patterns of integration that characterize the global social system embedded in economic transactions. To interpret these patterns, which are global in scope but microsocial in character, this article uses the term “global microstructures. ” Features of the interaction order, loosely defined, have become constitutive of and implanted in processes that have global breadth. This study draws on Schutz in the development of the concept of temporal coordination as the basis for the level of intersubjectivity discerned in global markets. This article contributes to economic sociology through the analysis of cambist (i.e., trading) markets, which are distinguished from producer markets, and by positing a form of market coordination that supplements relational or network forms of coordination. Global financial markets are recent phenomena that embrace global capital and commodity markets, as well as foreign exchange markets. With an average daily turnover in traditional global foreign exchange instru-1 Our greatest debts lie with the managers, traders, salespersons, and analysts at the bank herein designated “GB1 ” and two other banks, whose help proved invaluable in making this study possible and who were so generous in sharing information with us. We gratefully acknowledge the helpful comments, suggestions, and ideas provided by ## Keywords Scope (computer science), Financial market, Intersubjectivity, Electronic trading, Currency, Business, Economics, Sociology, Finance, Social science, Computer science, Monetary economics ## Concepts - Scope (computer science) - Financial market - Intersubjectivity - Electronic trading - Currency - Business - Economics - Sociology - Finance - Social science - Computer science - Monetary economics - Programming language --- *Metadata only — full text not imported unless Open Access license permits.*

Bài “Global Microstructures: The Virtual Societies of Financial Markets” được TradingBase chuyển thành Knowledge Product cho trader — không phải trang đọc abstract OpenAlex. Tóm lược học thuật (đã diễn giải): Using participant-observation data, interviews, and trading transcripts drawn from interbank currency trading in global investment banks, this article examines regular patterns of integration that characterize the global social system embedded in economic transactions. To interpret these patterns, which are global in scope but microsocial in character, this article uses the term “global microstructures. ” Features of the interaction order, loosely defined, have become constitutive of and implanted in processes that have global breadth. This study draws on Schutz in the development of the concept of temporal coordination as the basis for the level of intersubjectivity discerned in global markets. This article contributes to economic sociology through the analysis of cambist (i.e., trading) markets, which are distinguished from producer markets, and by positing a form of market coordinatio… Phần Trading Insights bên dưới nối nghiên cứu với Forex, vàng, USD, lãi suất và risk regime — để bạn đưa vào journal và playbook. Metadata DOI/OA chỉ là rail tham chiếu; nội dung chính là summary, takeaways và ứng dụng thị trường do Content Factory sinh.