Screen markets invert networks from being the basis to a reinforcement of trading coordination

Evidence

Foreign-exchange markets before they were put on screen worldwide may have been primarily relational markets in which transactions were conducted in the bilateral mold; thus, they would have lacked the kind of intense temporal coordination and reflexive observation systems that we discern today. Contemporary foreign-exchange markets do not lack relational ties, as we shall see below, but these reinforce, rather than form, the basis of temporal coordination. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 101

Categorization

• XREF: Directly engages Granovetter’s embeddedness thesis, which the reader’s broader financialization literature constantly invokes; marks a third type beyond relational and structural embeddedness. — connects to: Markets combine distinct forms of coordination beyond network embeddedness, including reflexive temporal coordination. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 101

Related

• Markets combine distinct forms of coordination beyond network embeddedness, including reflexive temporal coordination. (similarity 0.88)
• Geographically dispersed markets achieve social integration through time, not space (similarity 0.82)
• Screen-based trading replaced phone communication that had kept markets fragmented by territory (similarity 0.81)
• Geographically dispersed but mutually oriented actors form global microstructures that bind markets together. (similarity 0.81)
• Trading screens function as observatories permitting remote participation in market constitution (similarity 0.80)
• Global markets are assembled through microsocial patterns of relatedness and coordination (similarity 0.80)
• Trading screens transform distant markets into interactionally present scenes. (similarity 0.80)
• Financial markets show the most intricate response-presence-based global integration (similarity 0.80)
• Global markets form communities of time bound by a common observed screen object. (similarity 0.80)
• Shared temporal structuring of a common object distinguishes global markets from ordinary electronic groups (similarity 0.80)
• Screen-mediated markets relax the need to directly observe traders watching (similarity 0.79)
• Global traders form communities of time by observing a shared screen object (similarity 0.79)
• Screen content assembles a globally shared object traders can watch together (similarity 0.79)
• A market’s trading screen functions as a shared witnessable situation across continents. (similarity 0.79)
• Screen signals give absent traders a mediated presence that colleagues observe, read, and retransmit (similarity 0.78)

Broader Connections

• Markets combine distinct forms of coordination beyond network embeddedness, including reflexive temporal coordination. #expands (0.80) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 101