DEMONS
AV performance
22 minutes
Performed: Spektrum (Berlin)
DEMONS is an audiovisual reenactment of the October 19, 1987 stock market crash known as Black Monday, the first in which algorithmic trading was implicated. Performed on the the 31st anniversary of the crash at Spektrum in Berlin, the piece explores confirmation bias in algorithmic trading, translating historic data from the day's trading at the New York Stock Exchange into sound.
Responding to a set of seemingly unconnected events unfolding at the time of market opening, the computers of institutional investors on the New York Stock Exchange executed a number of automated trades in order to protect the values of their portfolios against volatile market conditions. As the computers followed each others' trading patterns, a panic selling domino effect was triggered. A recording of the performance is included in Flash Demons (MILLE PLATEAUX, 2019).
- 2019 (music)
- Flash DemonsMILLE PLATEAUX
- 2018 (live AV)
- Radical NetworksSPEKTRUM, Berlin
- (talk)
- IMPAKT FestivalHET HUIS, Utrecht
DEMONS
AV performance
22 minutesPerformed: Spektrum (Berlin)
DEMONS is an audiovisual reenactment of the October 19, 1987 stock market crash known as Black Monday, the first in which algorithmic trading was implicated. Performed on the the 31st anniversary of the crash at Spektrum in Berlin, the piece explores confirmation bias in algorithmic trading, translating historic data from the day's trading at the New York Stock Exchange into sound.
Responding to a set of seemingly unconnected events unfolding at the time of market opening, the computers of institutional investors on the New York Stock Exchange executed a number of automated trades in order to protect the values of their portfolios against volatile market conditions. As the computers followed each others' trading patterns, a panic selling domino effect was triggered. A recording of the performance is included in Flash Demons (MILLE PLATEAUX, 2019).