Taking the Floor
An inside look at a Wall Street trading room and what this reveals about today's financial systemDebates about financial reform have led to the recognition that a healthy financial system doesn't…
Specifikacia Taking the Floor
An inside look at a Wall Street trading room and what this reveals about today's financial systemDebates about financial reform have led to the recognition that a healthy financial system doesn't depend solely on how it is structured--organizational culture matters as well. Based on extensive research in a Wall Street derivatives-trading room, Taking the Floor considers how the culture of financial organizations might change in order for them to remain healthy, even in times of crises. In particular, Daniel Beunza explores how the extensive use of financial models and trading technologies over the recent decades has exerted a far-ranging and troubling influence on Wall Street. How have models reshaped financial markets? How have models altered moral behavior in organizations?Beunza takes readers behind the scenes in a bank unit that, within its firm, is