1. 2019

  2. 2018

  3. 2017

 

DEMONS is an audiovisual performance exploring confirmation bias in algorithmic trading. It replays the Black Monday of October 19, 1987, the first stock market crash in which algorithmic trading was implicated.

On that day, responding to a set of strange and seemingly unconnected events unfolding at the time of market opening, the computers of institutional investors on the New York Stock Exchange automatically executed a number of trades in order to protect the values of their portfolios against volatile market conditions.

As algorithms followed a logic dictated by the technical analysis of each others' trading patterns, a domino effect was triggered. Large sums of money were lost as the communications systems of the New York Stock Exchange became overwhelmed by the amount of trading orders submitted by the algorithms, "demons of our own design" in the words of a Wall Street risk manager.

DEMONS was performed on the 31st anniversary of Black Monday, using custom software to sonify NYSE trading data from October 19, 1987. The performance was released in 2019 by MILLE PLATEAUX.

  1. DEMONS is an audiovisual performance exploring confirmation bias in algorithmic trading. It replays the Black Monday of October 19, 1987, the first stock market crash in which algorithmic trading was implicated.

    On that day, responding to a set of strange and seemingly unconnected events unfolding at the time of market opening, the computers of institutional

    investors on the New York Stock Exchange automatically executed a number of trades in order to protect the values of their portfolios against volatile market conditions.

    As algorithms followed a logic dictated by the technical analysis of each others' trading patterns, a domino effect was triggered. Large sums of money were lost as the communications systems of the New

    York Stock Exchange became overwhelmed by the amount of trading orders submitted by the algorithms, "demons of our own design" in the words of a Wall Street risk manager.

    DEMONS was performed on the 31st anniversary of Black Monday, using custom software to sonify NYSE trading data from October 19, 1987. The performance was released in 2019 by MILLE PLATEAUX.

2018

DEMONS

DMSTFCTN studies the intensities of late capitalism, engaging with its networks, interfaces and excessesLondon, Berlin, mail@dmstfctn.net, @dmstfctn, @dmstfctnLondon, Berlin
mail@dmstfctn.net
@dmstfctn

UNSOUND BUBBLES
kraków
.......................................................................................................................................................................................................................................... An interactive lecture performance exploring real time simulation & AI training
IMPAKT FESTIVAL
HET HUIS, utrecht
.......................................................................................................................................................................................................................................... A performance exploring simulation & AI training, live music by HERO IMAGE
GOD MODE (ep. 1)
HQI, london
CPC
CENTRE FOR POSTDIGITAL CULTURE
ECHO FX
KRISIS PUBLISHING
A book and performance about market manipulation on Brexit Referendum night
Ø
FLATLINE PRESS/HYPERDUB
(screening)
INTERFACE CHAOS ft SKY H1
CAFE OTO, london
NOINDEX
CANAL180
ECHO FX
SLEEK
'A modern tale, constructed of lies, gorilla advertising bus campaigns and ...'
2020 (live)
CTM × TRANSMEDIALE
BERGHAIN, berlin
(solo)
OFFSHORE MATTERS
AKSIOMA, ljubljana
(screening)
INTERFACE CHAOS
FORUM STADTPARK, graz
Moneylab #8
AKSIOMA
A panel on artistic explorations of tax havens, led by an investigative journalist
INTERFACE CHAOS ft SKY H1
NERO
An interview on the themes of INTERFACE CHAOS (2019), including excerpts
CHASING ILLICIT MONEY
NEW YORK TIMES
'A group of artists began a project to show how money could be moved offshore'
2019 (live)
DESIGNING TIME
DESIGN MUSEUM, london
(solo)
NETWORK ENSEMBLE
GLUQBAR, milan
(group show)
A SCHOOL OF SCHOOLS
C-MINE, genk
PORTO DESIGN BIENNIALE
TRINDADE, porto
A SCHOOL OF SCHOOLS
LUMA, arles
(screening)
Ø.29
CORSICA STUDIOS, london
PORTO DESIGN BIENNIALE
CAMPO 24 DE AGOSTO, porto
PORTO DESIGN BIENNIALE
24 DE AGOSTO, porto
INTERFACE CHAOS
TRUST, berlin
INTERFACE CHAOS
EVENING CLASS, london
Flash Demons
MILLE PLATEAUX
Audiovisual genealogy of financial algorithmic collapse, released as a custom USB
2018 (group show)
4th Design Biennial
ARTER, istanbul
4th Istanbul Design BIENNIAL
ARTER, istanbul
transmediale face value
HKW, berlin
Situation #111
FOTOMUSEUM, winterthur
(live)
Radical Networks
SPEKTRUM, berlin
transmediale face value
HKW, berlin
Borderline Festival
ONASSIS, athens
Borderline Festival
ONASSIS STEGI, athens
"Approach from West India Quay, see what corpses sprouted on the Isle of Dead"
IMPAKT Festival
HET HUIS, utrecht
On the sonification of stock market crashes, part of a panel on algotrading
Automated Lands
NEW INSTITUTE, rotterdam
Automated Landscapes
HET NIEUWE INSTITUUT, rotterdam
On infrastructures and geographies of avoidance, from data centres to tax havens
transmediale face value
HKW, berlin
On ways and means of making offshore and other financial processes visible
MoneyLab #4
SOMERSET HOUSE, london
A talk on offshore investigative w—i—p, part of a panel on play in art and finance
Alt-Age
DESIGN MUSEUM, london
A DAY IN THE LIFE OF
SCHLOSS-POST
'The phone on the cafe table buzzes: Graham. Mark sighs. Graham is a prick'
2017 (talk)
the influencers
CCCB, barcelona
(residency)
Vilem Flusser Residency
TRANSMEDIALE, berlin
SELECTED NETWORK STUDIES
NUKFM
Audiovisual experiments with wireless networks, released as custom SD card