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Out of the Pits: traders and technology from Chicago to London

Professor Caitlin Zaloom, New York University, marks the launch of her new book Out of the Pits: traders and technology from Chicago to London with a public lecture at LSE on Wednesday 14 March. In this lecture, Professor Zaloom will explore how changes in the world's financial markets are transforming the culture of economic life.

From New York to Singapore, from Chicago to London, the trading floors of the world's financial markets are icons of global capitalism. Images of them are used on the news all the time - traders burying their heads in their hands when the market is down, their arms flailing in a frenzy when fortunes are rising - to convey the current state of the economy. But these marketplaces, and the cultural life that sustains them, are dissolving into the ether of the digital age: powerful financial institutions are shutting down the trading pits, replacing face-to-face exchanges with an electronic network where traders sit, face to screen, finger to mouse, and compete in a global arena made up of digits and charts. Out of the Pits considers the implications of this sea change for everyone involved, from the traders and brokers to the market as a whole.

Caitlin Zaloom is cultural anthropologist and assistant professor in the Department of Social and Cultural Analysis, New York University. Professor Richard Sennett of LSE's Sociology Department and chair of the LSE Cities Programme will chair this event.

Out of the Pits: traders and technology from Chicago to London is on Wednesday 14 March at 6.30- 8pm in the Hong Kong Theatre, Clement House, LSE, Aldwych, London, WC2A. This event is free and open to all with no ticket required. Entry is on a first come, first served basis.

Ends

To reserve a press seat, please contact Jessica Winterstein, LSE Press Office, on 020 7955 7060 or email j.winterstein@lse.ac.uk| 

8 March 2007

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