(FR) - ANTIDATAMINING7 : FLASHCRASH
May 6th, 2010, at 14:40, the Dow Jones Average Industrial looses more than 900 points in less than 20 minutes, during the most sudden stock market crash ever. The losses are estimated at over one trillion dollars. At 15:00, all the financial markets of the NYSE are closed, and transactions done between 2:40 p.m. and 15:00 are canceled.
The causes of this crash are to be looking for in the operational modalities of high frequency trading algorithms, these robots operate transactions in the millionth of a second. Masking their real orders under a steady stream of false transactions - 10,000 orders / second, 98% unfinished - the robots have triggered a violent feedback effect, operating a global market depreciation by contamination effect.
RYBN offers a visual and audible transposition of the Flashcrash, made from the raw data of the nine stock exchanges linked to the NYSE (NYSE, Nasdaq, ISE, BATS, Boston, Cincinnati (National Stock Exchange), CBOE, ARCA and Chicago).
* Antidatamining is a series of visual representations of financial data in transit on the internet.
(this price includes the performances all the AV performances of the night at the Spoutnik)
Entrance : 20.-
(this price includes the DJ and VJ sets at the Zoo and the AV performances at the Spoutnik)