THE ALGOTRADING FREAKSHOW
In : TRAFO ART GALERY, BUDAPEST
From: May 16
to June 15, 2013
Opening : May 16
Presentations and performance : May 17
The Algorithmic Trading Freakshow is a collection of uncommon, unnatural, shocking and scandalous specimens of speculative trading algorithms. Forgotten by the markets, obsolete, inoperative, these pieces of collection are organized for the occasion under the form of a cabinet of curiosities.
All along the history of finance, numerous experiments have been conducted to foresee through the markets mysteries. Since the conceptual introduction of financial mathematics with Bachelier in 1900, speculators of all kind have been trying to understand and predict the market moves with the help of probabilities, chaos theories, fractals, quantum physics, computer science and, nowadays, at the era of High Frequency Trading, algorithmic engineering. However, beside of these scientific researches, numerous non academic experiments have been realized and documented, exploring the esoteric correlation of prices variations with meteorology, astrology, numerology, sports and/or zoology ...
To mention a few notable of these experiences : Malkiel's blinded chimpanzee (1973) and its russian repetition with Lusha (2010); Richard Dennis turtle experiment (1980); Gode & Sunder Zero Intelligence investment model (1993); the Raven Thorogood III MonkeyDex (1999); investing with darts (WSJ dartboard 1999 /2001); with a 4 years old child (Tia Laverne Roberts - 2001); catching the obscure relationships between Soccer and Markets (Leeds University, 2003/2006); the DCM twitter-based prediction hedge fund (2010); Despite all these attempts, the intricacies of finance remain impenetrable. We still seek to interpretate the meaning hidden in the fluctuations of the markets, as it has been cruelly demonstrated with the recent crisis, the debt collapse and the notation agency debacle.
RYBN's private collection of trading experiments and algorithms include documentation, schematics and scientific papers from the early 70's experiments, to the actual cybernetic tools of High Frequency Trading, amateur singular crafted trading bots and esoteric experiences. The whole set is sorted, categorized and displayed as a "cabinet of curiosities", where the most monstrous and offensive experiments of finance will be exhibited, labelled and experimented. The collection is an attempt to unveil the esoteric side of finance, to unravel the myths from the facts - the supposed market efficiency and auto-regulation - and to neutralize the constant competition to innovation, leading to a total algorithmic warfare, that subsequently develops a growing level of instability, on the markets and in our societies.