Conversation itself is the instrument of global interbank exchange.
Evidence
First, conversations are not only about trading but also have moved to the heart of exchange; they are a means for global transaction performed via the Reuters conversational dealing system. Second, conversations are the means for information exchange between dealers on a worldwide basis; they carry the information that is most concrete and most directly relevant to the moment-to-moment buying and selling decisions. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 102
Categorization
- DEFINE: Defines what ‘dealing conversations’ mean in the electronic interbank setting — they are transaction, information channel, and relationship work at once.
- XREF: connects to: Interbank currency traders form a global social system distinct from local exchange brokerages — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 13; Market conversations do not merely transmit information but perform the economic action itself — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 29; Financial language simultaneously reflects and advances the spread of financialization. — Max Haiven, Cultures of Financialization, 69 (+3 more)
Related
- Market conversations do not convey information but perform trades. (similarity 0.87)
- In global spot trading, talk sustains order rather than negotiating outcomes. (similarity 0.84)
- Convention and expedience, not law, govern interbank deal conversations (similarity 0.84)
- Currency trading conversations unfold as challenge-engagement-repositioning sequences (similarity 0.82)
- Interbank currency trading differs fundamentally from exchange brokerage by its round-the-clock continuity. (similarity 0.82)
- Market conversations do not merely transmit information but perform the economic action itself (similarity 0.82)
- Interbank currency traders form a global social system distinct from local exchange brokerages (similarity 0.81)
- Interbank currency prices are nonnegotiable within an interaction, unlike bazaar markets (similarity 0.79)
Broader Connections
- Market conversations do not merely transmit information but perform the economic action itself
#expands(0.88) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 29 - Interbank currency traders form a global social system distinct from local exchange brokerages
#expands(0.78) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 13 - Global market interaction produces intersubjectivity beyond face-to-face encounters
#expands(0.75) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 98 - In global spot trading, talk sustains order rather than negotiating outcomes.
#qualifies(0.72) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 124 - Financial language simultaneously reflects and advances the spread of financialization.
#complicates(0.70) — Max Haiven, Cultures of Financialization, 69