Trading floors sit inside firms yet operate as separately governed enclaves

Evidence

Trading floors tend to belong formally to large corporations (e.g., investment banks), but they are at the same time separated from other corporate activities in terms of their goals, location, restricted access, distinct forms of governance, and so on. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 39

Categorization

• XREF: connects to: A transnational factory can sit inside a state yet evade its law — Rob Nixon, Slow Violence and the Environmentalism…, 153