European Journal of Information Systems

, Volume 13, Issue 1, pp 65–79

Electronic trading and the process of globalization in traditional futures exchanges: a temporal perspective

Article

Abstract

This paper develops a temporal perspective to examine information and communication technologies (ICT) adoption and processes of globalization. The foundations of our theoretical approach explicitly draw upon three intersecting planes of temporality implicit in structuration; namely reversibility, irreversibility and institutionalization. We further develop our theoretical perspective by extending the scope of structuration to incorporate temporal features of Adam's social theory on ‘global time’. We then use this temporal perspective to examine the emergence of electronic trading and the process of globalization across London and Chicago futures exchanges. Our analysis provides insights into the IT-enabled reconfiguration of these exchanges during processes of reproduction and change associated with globalization. We conclude with some key implications for e-trading strategy and consider changes in trader work life associated with the adoption of e-trading.

Keywords

Electronic trading adoption time structuration theory information and communications technology globalization futures exchanges 

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Copyright information

© Operational Research Society 2004

Authors and Affiliations

  1. 1.Judge Institute of Management Studies, University of CambridgeCambridgeUK
  2. 2.Department of Information SystemsLondon School of EconomicsLondonUK

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