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

    Futur.Shock
    FOLD, london
    .......................................................................................................................................................................................................................................... Performing the interactive AV show 'Waluigi's Purgatory' (2024) with Evita Manji
    Waluigi's Purgatory
    SERPENTINE×HQI, london
    .......................................................................................................................................................................................................................................... An AI finds itself in a purgatory for cheating AIs... will it find its way out?
    2024 (live)
    GOD MODE (ep. 1)
    SYSTEM, shanghai
    (talk)
    bodystacked
    LCF, london
    Directory
    THE 6th WRONG BIENNALE
    Presenting Godmode Epochs (2023) at the sixth edition of The Wrong Biennale
    (press)
    conversation with dmstfctn & evi
    T-MAG
    In conversation with Evita Manji & dmstfctn
    T-MAG
    On the Waluigi effect, audience as stage hands, environment & character building..
    2023 (live)
    Semibreve
    THEATRO CIRCO, braga
    (talk)
    Autonomous Worlds day
    istanbul
    Beyond Cultures of Ownership
    SOMERSET HOUSE, london
    Godmode Epochs
    SERPENTINE, twitch
    dmstfctn plays Godmode Epochs
    SERPENTINE, twitch
    Godmode Epochs (2023) launch on Serpentine's Twitch with curator Eva Jäger
    AI UK 2023
    QEII CENTRE, london
    (release)
    Large Lore Models
    0XPARC
    Large Lore Models
    0XPARC
    Speculative tools for decentralized narrative building, with E. Jäger and A. Milne
    Godmode Epochs
    STEAM
    AI training game set in an infinite supermarket, time is short, the AI is frustrated
    ARTECHO
    ETOPIA, zaragoza
    Building a fully on-chain narrative generation game, a.k.a a 'Large Lore Model'
    Turret Theory
    SERPENTINE
    Alasdair Milne examines the simulation and configurations of Godmode Epochs (2023)
    dmstfctn investigate contemporary environments
    CLOT
    An interview about dmstfctn's recent work with simulation and machine learning
    come addestrare una intelligenza artificiale?
    ARTRIBUNE
    Interview in Italian expanding on dmstfctn's work with games, AI and simulation
    2022 (live)
    GOD MODE (ep. 1)
    SERPENTINE, london
    IMPAKT FESTIVAL
    HET HUIS, utrecht
    UNSOUND BUBBLES
    kraków
    GOD MODE (ep. 1)
    HQI, london
    Artist conversation with dmstfctn
    IMPAKT TV
    A live interview on simulation and AI, hosted by Marijn Bril at IMPAKT festival
    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
    (group show)
    NONPLUSULTRABLACK
    SYNNIKA, frankfurt
    Demystification Committee debuts echo fx
    AQNB
    "The performance revisits the sociopolitical and economic tumult following Brexit"
    ECHO FX
    SLEEK
    'A modern tale, constructed of lies, gorilla advertising bus campaigns and ...'
    REALITY CHECK AHEAD
    CLOT
    'If the performance was a reaction, the book is a reflection, at 0x speed ...'
    2020 (live)
    CTM × TRANSMEDIALE
    BERGHAIN, berlin
    (solo)
    OFFSHORE MATTERS
    AKSIOMA, ljubljana
    (screening)
    INTERFACE CHAOS
    FORUM STADTPARK, graz
    Moneylab #8
    AKSIOMA
    An arsist talk on ongoing work investigating offshore capital and tax havens
    INTERFACE CHAOS ft SKY H1
    NERO
    An interview on the short film 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
    INTERFACE CHAOS
    TRUST, berlin
    INTERFACE CHAOS
    EVENING CLASS, london
    Flash Demons
    MILLE PLATEAUX
    Audiovisual genealogy of financial algorithmic collapse, limited editon USB
    2018 (live)
    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"
    Radical Networks
    SPEKTRUM, berlin
    (group show)
    4th Design Biennial
    ARTER, istanbul
    4th Istanbul Design BIENNIAL
    ARTER, istanbul
    transmediale face value
    HKW, berlin
    Situation #111
    FOTOMUSEUM, winterthur
    Automated Lands
    NEW INSTITUTE, rotterdam
    Automated Landscapes
    HET NIEUWE INSTITUUT, rotterdam
    An arsist talk on ongoing work investigating offshore capital and tax havens
    transmediale face value
    HKW, berlin
    An arsist talk on ongoing work investigating offshore capital and tax havens
    IMPAKT Festival
    HET HUIS, utrecht
    An artist talk on ongoing sonic work investigating accidents on financial markets
    MoneyLab #4
    SOMERSET HOUSE, london
    An arsist talk on ongoing work investigating offshore capital and tax havens
    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'
    The Offshore Economist
    Rizosfera
    'You are alone on a dusty desert road... You have just run out of water.....'
    Buon Paradiso Fiscale a Tutti
    NERO
    An interview (in Italian) expanding on the artistic practice of dmstfctn
    2017 (talk)
    the influencers
    CCCB, barcelona
    (residency)
    Vilem Flusser Residency
    TRANSMEDIALE, berlin
    SELECTED NETWORK STUDIES
    NUKFM
    AV experiments with wireless network infrastructure, limited edition SD card