Taking the Floor: Models, Morals, and Management in a Wall Street Trading Room

Daniel Beunza

15 ratings by Goodreads

Language: English

Published by Princeton University Press, 2021

0691204772 / 9780691204772

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Seller: Worldbridge Books, Reston, VA, U.S.A.Worldbridge Books

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Condition: used - AS NEW.__________ An inside look at a Wall Street trading room and what this reveals about today’s financial system. Debates about financial reform have led to the recognition that a healthy financial system doesn’t depend solely on how it is structured―organizational culture matters as well. Based on extensive research in a Wall Street derivatives-trading room, Taking the Floor considers how the culture of financial organizations might change in order for them to remain healthy, even in times of crises. In particular, Daniel Beunza explores how the extensive use of financial models and trading technologies over the recent decades has exerted a far-ranging and troubling influence on Wall Street. How have models reshaped financial markets? How have models altered moral behavior in organizations? Beunza takes readers behind the scenes in a bank unit that, within its firm, is widely perceived to be “a class act,” and he considers how this trading room unit might serve as a blueprint solution for the ills of Wall Street’s unsustainable culture. Beunza demonstrates that the integration of traders across desks reduces the danger of blind spots created by models. Warning against the risk of moral disengagement posed by the use of models, he also contends that such disengagement could be avoided by instituting moral norms and social relations. Providing a unique perspective on a complex subject, Taking the Floor profiles what an effective, responsible trading room can and should look like. 499 6.25,"unit":"INCHES"},{"value":0.75,"unit":"INCHES"},{"value":9.25,"unit":"INCHES"}].

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Title
Taking the Floor: Models, Morals, and Management in a Wall Street Trading Room
Author
Daniel Beunza
Publisher
Princeton University Press
Publication year
2021
Condition
As new
Binding
Paperback
Language
English
ISBN 10
0691204772
ISBN 13
9780691204772
Item weight
499 grams

Worldbridge Books

Reston, VA, U.S.A.

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AbeBooks seller since April 4, 2024

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Worldbridge Books offers a curated collection of the best previously-owned titles on international relations, history, and global politics.

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