Contenir le marche : la transition de la criee a la cotation electronique a la Bourse de Paris trading at the Paris Bourse [An article from: Sociologie du travail]

by F. Muniesa

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This digital document is a journal article from Sociologie du travail, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
Open outcry was fully replaced at the Paris Bourse by an automated trade execution system (CAC) in the late 1980s. In this article, we focus on the circumstances that made this transition possible. We analyze the diverse compromises (both social and technical) that the officials and engineers in charge of the innovation process constructed in order to stabilize the new market device. They had to carefully inscribe into the new system the interests of the actors at stake: bankers and stockbrokers. This case study contributes to economic sociology by drawing a relation between a technical device and the interests set around the ''modernization'' of a market.

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