




ECHO FX DMSTFCTN
EUR25.00
Edited by DMSTFCTN and Krisis Publishing
Contributions by CMP OFFICE, DMSTFCTN, Krisis, Obsolete Capitalism, Cam Simpson + Gavin Finch + Kit Chellel (Bloomberg Businessweek), Valentina Tanni
Texts translation and editing by DMSTFCTN
Design and layout by Francesco D’Abbraccio and Andrea Facchetti
16,5×23 cm
coated paper
soft cover
full performance download
208 pages
english
9788894402971
2021
ECHO FX is a book collecting and expanding on the homonymous work by
DMSTFCTN – a 20 minute audiovisual performance replaying the events
unfolding on the night of the 2016 Brexit referendum. ECHO FX focuses on
an unlikely concession made on the night by former trader and face of
the Leave EU campaign Nigel Farage: “Remain will edge it…”
The out-of-character concession echoed on social media shaping the
sentiment of Foreign Exchange markets, which had priced in on a possible
Remain win, pushing the Pound to a six month high before any official
result announcement. Later that night, as the referendum outcome became
apparent, those markets collapsed in disbelief, yet a handful of hedge
funds which had purchased private polling data were able to foresee the
outcome and short the crashing Pound.
Mixing footage of the hedge funds headquartered in London with images
and sounds generated in response to historical market data, ECHO FX
tells a story whose details remain unclear to this day, including the
legitimacy of polling companies’ sale of private polls, and whether
Farage had any personal dealings in this venture.
The book includes a digital download of the performance and expands on
the night’s events through both written and visual contributions by
DMSTFCTN, CMP OFFICE, Obsolete Capitalism, Valentina Tanni, Cam Simpson +
Gavin Finch + Kit Chellel (Bloomberg Businessweek), including a manga
rendition of the original performance, created by Krisis.