NYU Professor Caitlin Zaloom, author of Out of the Pits: Traders and Technology from Chicago to London, is available for comment on the Chicago Mercantile Exchange’s purchase of the Chicago Board of Trade. The $8 billion purchase, announced Oct. 17, would create the largest exchange for futures contracts on stocks, bonds, currencies, and commodities.
New York University Professor Caitlin Zaloom, author of Out of the Pits: Traders and Technology from Chicago to London (University of Chicago, Nov., 2006), is available for comment on the Chicago Mercantile Exchange’s purchase of the Chicago Board of Trade. The $8 billion purchase, announced Oct. 17, would create the largest exchange for futures contracts on stocks, bonds, currencies, and commodities.
Reporters interested in speaking with Zaloom, who has worked as a financial futures trader, should contact James Devitt, NYU’s Office of Public Affairs, at 212.998.6808 or james.devitt@nyu.edu.
In Out of the Pits, Zaloom, an assistant professor in NYU’s Department of Social and Cultural Analysis, examines the following: how changes at the world’s leading financial exchanges have transformed economic cultures and the craft of speculation; how people and places are responding to the digital transition; how traders are remaking themselves to compete in the contemporary marketplace; and how brokers, business managers, and software designers are collaborating to build new financial markets.