Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/309398 
Year of Publication: 
2021
Citation: 
[Journal:] Finance and Society [ISSN:] 2059-5999 [Volume:] 7 [Issue:] 2 [Year:] 2021 [Pages:] 113-129
Publisher: 
University of Edinburgh, Edinburgh
Abstract: 
This article presents a close, dialogue-based ethnographic account of a group of contemporary options market makers making a decision about pricing options in Tesla, Inc. Careful attention to their deliberations reveals how the rise of algorithms and automation on financial markets have rendered traders alienated and estranged from the markets they work on for their livelihood. This alienation arises, in part, due to novel cascade effects between futures and underlying equities, which algorithmic and automated trading seems to afford, and which also relate to news events as well as the actions of politicians and prominent business people. Emerging from this alienation, traders produce a critique of how highly automated financial markets allocate capital and how ripe they are for political manipulation.
Subjects: 
Finance
markets
alienation
options
trading
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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