April 2, 2020 – For the first time in the New York Stock Exchange's 228-year history, human traders have been completely removed off the floor with the exchange now operating fully electronic. This was in response to the coronavirus outbreak but marks a significant turning point as the exchange floor largely represents an outdated symbol of how trading actually works, being dominated largely by machines, algorithms, and AI. In today's podcast, FS Insider speaks with Juan Pablo, a sociologist at UCSD, about his fascinating new book Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets, which details the evolution, people, and mythology guiding automation of financial markets and society.
.
