Lancaster EPrints

Virtuality and non-virtuality in remote stock trading

Van Daalen, Roger and Chiasson, Mike and Devadoss, Paul (2008) Virtuality and non-virtuality in remote stock trading. In: IFIP 8.2 Working Conference, 2008-08-01, Toronto, Canada.

[img]
Preview
PDF (071112_IFIP_8.2_Paper_Toronto_FINAL.pdf)
Download (165Kb) | Preview

    Abstract

    Advances in information technology allow for remote working, leading to suggestions that remote individuals can work as well in virtual teams asin face-to-face teams. This paper considers the continued use of face-to-face communication in a European group of stock traders, despite the capabilities of information technology to individuate the work. The case illustrates that traders prefer to work in face-to-face settings for various reasons. Short term reasons arise from a need for instant and effortless communication in their manipulation of market prices and instant knowledge sharing, leading to both higher individual and collective profits. Long term reasons arise from a need for continuous learning across novices and experts, as stock markets and stock prices settle into behavioral patterns over longer periods of time. The implications for computing and work are discussed.

    Item Type: Conference or Workshop Item (Paper)
    Journal or Publication Title: IFIP 8.2 Working Conference
    Subjects: H Social Sciences > HB Economic Theory
    Departments: Lancaster University Management School > Management Science
    VC's Office
    ID Code: 26034
    Deposited By: Dr Paul R Devadoss
    Deposited On: 24 Mar 2009 09:56
    Refereed?: No
    Published?: Published
    Last Modified: 17 Sep 2013 09:58
    Identification Number:
    URI: http://eprints.lancs.ac.uk/id/eprint/26034

    Actions (login required)

    View Item