Taking the Floor
Book description
An inside look at a Wall Street trading room and what this reveals about today's financial system
Debates about financial reform have led to the recognition that a healthy financial system doesn't depend solely on how it is structured-organizational culture matters as well. Based on extensive research in a Wall…
Why read it?
1 author picked Taking the Floor as one of their favorite books. Why do they recommend it?
Taking the Floor is the story of a 20-year intellectual odyssey, by Daniel Beunza, one of the world’s most insightful analysts of the financial system. He delves in-depth into the organization of a Wall Street trading room, beginning with him negotiating access to it when he was working on his PhD. He also reveals how later conversations with key people in the trading room made him rethink many of his first impressions, showing him that what he took to be a typical form of organization was actually very deliberately designed to be unusual.
I particularly admire Beunza’s nuanced take (co-developed…
From Donald's list on financial trading and the global financial system.
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