Donald MacKenzie on financial algorithms and other matters

January 21, 2013

As even toddlers know by now, the NYSE is in the process of being acquired by the Intercontinental Exchange. The merger has been celebrated in the press as a sign of changing technology in trading (though the crucial role of the SEC in bringing about the algorithmic revolution to equities trading is almost always neglected by journalists).

The merger also takes place more or less at the same time as two new articles by Donald MacKenzie (one of them coauthored with Juan Pablo Pardo-Guerra) have been made public. The paper on Island is particularly relevant, as it provides an analysis of the type of “insurgent capitalism” that has perhaps elevated ICE:

http://www.sps.ed.ac.uk/__data/assets/pdf_file/0003/97500/Island34.pdf

http://www.sps.ed.ac.uk/__data/assets/pdf_file/0006/93867/Merc11.pdf

More broadly, for an interesting interview of Donald MacKenzie (in English, but with a short written intro in Spanish) see the following link at “Estudios de la Economia,” a somewhat unclassifiable STS/ sociology blog led by Chilean academics Jose Ossandon:

http://estudiosdelaeconomia.wordpress.com/2012/12/15/the-risk-in-the-financial-system-can-often-develop-in-areas-that-people-think-of-dull-technical-and-boring-an-interview-with-donald-mackenzie/

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6 Responses to “Donald MacKenzie on financial algorithms and other matters”

  1. joseossandon Says:

    And for those that understand Spanish, the unclassifiable blog brings this week an excellent interview featuring Mr. Beunza himself: http://estudiosdelaeconomia.wordpress.com/2013/01/20/entrevista-a-daniel-beunza-sobre-crisis-estructuras-heterarquicas-y-la-proto-perfomatividad/

  2. Philip Grant Says:

    The link to the interview doesn’t appear to work.

  3. danielbeunza Says:

    Thanks Philip. Fixed it now.

  4. Philip Grant Says:

    Thanks Daniel.


  5. […] 15.┬áSocializing Finance takes a sociological look at the finance industry and tries to find ways to apply sociological principles to finance that will improve the industry as a positive force in society. Highlight: Donald Mackenzie on Financial Algorithms and Other Matters […]


  6. […] 15.┬áSocializing Finance takes a sociological look at the finance industry and tries to find ways to apply sociological principles to finance that will improve the industry as a positive force in society. Highlight: Donald Mackenzie on Financial Algorithms and Other Matters […]


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