Contenir le marché: la transition de la criée à la cotation électronique à la Bourse de Paris

Fabian Muniesa

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Abstract: Open outcry was fully replaced at the Paris Bourse by an automated trade execution system (CAC) in the late 1980s. In this article, we focus on the circumstances that made this transition possible. We analyze the diverse compromises (both social and technical) that the officials and engineers in charge of the innovation process constructed in order to stabilize the new market device. They had to carefully inscribe into the new system the interests of the actors at stake: bankers and stockbrokers. This case study contri butes to economic sociology by drawing a relation between a technical device and the interests set around the "modernization" of a market.

Keywords: Open outcry; Automation; Computers; ICTs (information and communication technologies); Financial markets; Auctions; Stockbrokers; Economic sociology; Science and technology studies; France; Automatisation; Ordinateurs; TIC (technologies de l'information et de la communication); Marchés financiers; Enchères; Courtiers; Sociologie économique; Sociologie des sciences et des techniques (search for similar items in EconPapers)
Date: 2005
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Published in Sociologie du Travail, 2005, 47 (4), pp.485-501. ⟨10.1016/j.soctra.2005.10.004⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00087455

DOI: 10.1016/j.soctra.2005.10.004

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