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iFOBing a Mazda

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“Elevator Exchange Mechanism” by Benjamin Newland

Elevator Exchange Mechanism is a concept for a site specific financial trading game based at the famous glass lifts of the Lloyd’s Building. 4 people, representing the 4 most traded currencies, would be positioned in 4 adjacent lifts in the Lloyd’s building.The currencies in the lifts would be within sight of public space at the Leadenhall Market, which would become the ‘trading floor’.
The ‘traders’ on the ‘trading floor’ would buy and sell currencies via SMS text message,whilst the value of a currency would correspond to the level of the lift.
The people in the lift would receive the text messages from the traders and select a floor higher if they had been bought, and lower if they had been sold.
This would complete a feedback loop to model that of a financial market.
Non-players who inadvertently travelled on the lift would replicate random unpredictable market events.

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