Elizabeth MacBride on the culture of stock and commodities exchanges
OUT OF THE PITS:
Technology From Chicago to London.
By Caitlin Zaloom.
Univ. of Chicago Press. 224 pp. $29
The trading floors of stock and commodities exchanges have been potent symbols of financial centers such as Chicago, London, and New York for a century. In these huge rooms, sometimes called pits, thousands of traders buy and sell their way to fortune or...