Screen content assembles a globally shared object traders can watch together

Evidence

We can now answer the question of what the same events may be that could plausibly be construed as globally observed in the same binding fashion in which events are observed in the face-to-face situation. The third object (i.e., the bird) that traders watch together around the clock is the market, as it is assembled in identical (price actions, market analyses, news descriptions, etc., furnished by global information providers), overlapping (information exchanged through personal relationships), and coordinated (in the many windows and channels of the screen with which participants interact) fashions. On each of these screens, the same market has a vigorous presence; traders worldwide who deal in the same financial instrument watch the same screen content, which is delivered to them by globally operating firms, such as Reuters, Bloomberg, and Telerate, and by the banks themselves. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 72

Categorization

  • DEFINE: Introduces the idea of a ‘third object’ — the market on screen as a shared referent alongside face-to-face objects.
  • XREF: connects to: Trading screens transform distant markets into interactionally present scenes. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 27; Global traders form communities of time by observing a shared screen object — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 60; Trading screens function as observatories permitting remote participation in market constitution — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 85 (+8 more)

Broader Connections