11 December 2016
Visit aciworldwide.com

Fear the number 13: Superstitious fund algo picks stocks based on numerology

29 May 2012  |  5939 views  |  0 Man writing graphs on glass wall

A "superstitious" trading fund that uses an algorithm that picks stocks based on numerology and astrology is being launched by a design student.

The experimental fund - which will run for a year with anyone able to join for as little as £2 - is the brainchild of Shing Tat Chung from the Royal College of Art's design interactions course.

The autonomous algorithm will spread-bet the FTSE 100 index "using superstition as its sole and principle logic", meaning that, for example, it will "fear" the number 13, says a dedicated Web site.

Chung told Wired Magazine that as well as following collective superstitions, the algorithm will also learn to develop, and act on, its own "in the same way as we do with lucky underwear".

The fund is part of a wider project on superstitious thought and the stock market. Chung argues that, contrary to popular belief, banking is a breeding ground for illogical thinking.

The designer told the We Make Money Not Art Web site: "One of my favourite researched rituals is a 'reputable' trader who establishes his starting trading position based on the nipple direction of the Sun's page 3 model (up or down)."

The superstitious fund - which, according to its Twitter account, stood at £3028.52 on 21 May - is set to launch on Friday 1 June, with investors able to join until Thursday.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Morgan Stanley penalised for DMA algo trade gone wrong

Morgan Stanley penalised for DMA algo trade gone wrong

16 May 2012  |  6657 views  |  0 comments
Norwegian court acquits day traders in algo cracking case

Norwegian court acquits day traders in algo cracking case

02 May 2012  |  5606 views  |  0 comments
Paul the octopus outsmarts banking's brightest quants

Paul the octopus outsmarts banking's brightest quants

12 July 2010  |  12356 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Find out moreVisit VocaLink.comFind out more

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
9008 views comments | 39 tweets | 32 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8451 views comments | 38 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8110 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7418 views comments | 24 tweets | 13 linkedin
N26 opens up to 17 European countriesN26 opens up to 17 European countries
6983 views comments | 16 tweets | 22 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job