Screen-based trading conversations forbid price negotiation entirely.
Evidence
A third rule of interest with regard to economic theory and auction, bazaar, and other markets where the price is negotiable (Smith 1990; Geertz 1978; DeLaPradelle 1995; Clark and Pinch 1995; see also Callon 1998, pp. 264–66), is that the price is nonnegotiable within a trading interaction; all a counterpart can do is forgo the trade and hope for a better price to be offered either at a later time or somewhere else. Conversationally, this means that there are no turns allowed that challenge a price range—other than a turn that ends the conversation prematurely, without a deal. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 114
Categorization
- XREF: Directly relevant to my ethnography-of-traders work; contrasts sharply with Geertz’s bazaar negotiation and classical auction theory. — connects to: Screen-based trading recreated rather than abolished trader sociality and mutual anticipation. — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 427; Screen-based trading platforms mechanically enforce non-overlapping turn-taking among traders. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 111; Diamond dealers’ secrecy about trading partners blocks efficient resale markets. — Lisa Bernestein, Opting out of the Legal System, 220 (+2 more)
- SEED: The 2-second price-commitment window and nonnegotiation rule could anchor an essay on how speed transforms interactional ethics in finance.
Related
- Screen-based trading platforms mechanically enforce non-overlapping turn-taking among traders. (similarity 0.83)
- Interbank currency prices are nonnegotiable within an interaction, unlike bazaar markets (similarity 0.82)
- Market conversations do not convey information but perform trades. (similarity 0.80)
- In global spot trading, talk sustains order rather than negotiating outcomes. (similarity 0.78)
Broader Connections
- Screen-based trading platforms mechanically enforce non-overlapping turn-taking among traders.
#expands(0.90) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 111 - Screen-based trading recreated rather than abolished trader sociality and mutual anticipation.
#corroborates(0.85) — Aris Komporozos-Athanasiou, Speculative Communities, 427 - In global spot trading, talk sustains order rather than negotiating outcomes.
#expands(0.85) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 124 - Diamond dealers’ secrecy about trading partners blocks efficient resale markets.
#qualifies(0.72) — Lisa Bernestein, Opting out of the Legal System, 220