What Do Traders in Emerging Markets Want? Just Ask Them

Traders and investors monitoring stock prices at RHB Investment Bank in Kuala Lumpur Photograph by Sanjit Das/Bloomberg

It was not hard to distinguish the sociologists from the financiers. The sociologists had beards. On Friday, in a hall above the New York Stock Exchange where mayors and capitalists once ate breakfast together, about 50 academics gathered to discuss the sociology of market microstructure, or why financiers do what they do.

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