Screen-mediated markets relax the need to directly observe traders watching

Evidence

The screen itself is like a mirror that reflects market participants’ activities to one another in real time, at the same time that it enables these activities to happen. Here we encounter Schutz’s second requirement of intersubjectivity—the reciprocity of orientations. For Schutz, observing the other observe was crucial for any interlocking of subjectivities to be achieved; his emphasis was on nonverbal expressions as signals of the other’s attention to the situation. It is a characteristic of the global fields studied that, on one level, the observation of other traders observing is not necessary to convince oneself of the attentiveness of others to the same events. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 75

Categorization

• DEFINE: Extends Schutz’s reciprocity-of-orientations concept to the screen-mediated trading setting where co-presence is virtual.
• XREF: connects to: A market’s trading screen functions as a shared witnessable situation across continents. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 21; 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 (+4 more)

Related

• Screen signals give absent traders a mediated presence that colleagues observe, read, and retransmit (similarity 0.90)
• Screen-based reciprocal observation can generate intersubjectivity across geographic distance in markets. (similarity 0.89)
• A market’s trading screen functions as a shared witnessable situation across continents. (similarity 0.89)
• Trading screens transform distant markets into interactionally present scenes. (similarity 0.88)
• Global traders form communities of time by observing a shared screen object (similarity 0.88)
• Screen content assembles a globally shared object traders can watch together (similarity 0.88)
• Global markets form communities of time bound by a common observed screen object. (similarity 0.86)
• Trading screens function as observatories permitting remote participation in market constitution (similarity 0.85)
• Traders spend their time reading and relaying others’ market presence signals (similarity 0.83)
• Screen-based trading recreated rather than abolished trader sociality and mutual anticipation. (similarity 0.82)
• Screen markets invert networks from being the basis to a reinforcement of trading coordination (similarity 0.79)
• Schutz tied temporal coordination to shared space, which global electronic trading severs. (similarity 0.79)
• Screen-based trading replaced phone communication that had kept markets fragmented by territory (similarity 0.79)
• Global market interaction produces intersubjectivity beyond face-to-face encounters (similarity 0.78)
• Geographically dispersed markets achieve social integration through time, not space (similarity 0.78)

Broader Connections

• Trading screens function as observatories permitting remote participation in market constitution #expands (0.82) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 85
• Screen-based reciprocal observation can generate intersubjectivity across geographic distance in markets. #expands (0.78) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 60
• Screen signals give absent traders a mediated presence that colleagues observe, read, and retransmit #expands (0.75)