Algorithms and the Anthropocene

Finance, Sustainability, and the Promise and Hazards of New Financial Technologies

Research output: Contribution to conferenceConference abstract for conferenceResearchpeer-review

Abstract

This paper addresses how high frequency trading in financial markets is increasingly discursively related to climate change and producing peculiar iterative patterns of accommodation and reinforcement of climate change. Stock market trades have accelerated at a rate at which shares change hands in microseconds. This increases the risk of systemic crises. I examine the ways in which high frequency trading both reconfigures the dynamics of finance and changes the global financial system in different spatio-temporal ways, as well as produces political ecologies of engagement, divergence, and convergence between the financial and Earth Systems. Accordingly, I examine technological change and algorithmic strategies at stock exchanges. By analyzing algorithmic strategies I interrogate the connections between algorithms at stock exchanges and the environment, and how algorithmic financialization intersects the Anthropocene debate. The analysis explains the nature of high frequency trading strategies and market responses to natural disasters, tsunamis, typhoons, draught and wild fires. In the final section I discuss whether algorithmic economies singularly contribute to worsening environmental crises and how financial investment algorithms may adapt to climate change.
Original languageEnglish
Publication date3 Apr 2019
Publication statusPublished - 3 Apr 2019
Event American Association of Geographers: Annual Meeting - Wardman Park/Omni Shoreham, Washington, United States
Duration: 3 Apr 20197 Apr 2019
http://www.aag.org/cs/events/event_detail?eventId=1259 (Link to conference)

Conference

Conference American Association of Geographers
LocationWardman Park/Omni Shoreham
CountryUnited States
CityWashington
Period03/04/201907/04/2019
Internet address

Keywords

  • Anthropocene
  • financial markets
  • algorithms
  • natural disasters
  • algorithmic economies
  • nature and space

Cite this

Grindsted, T. S. (2019). Algorithms and the Anthropocene: Finance, Sustainability, and the Promise and Hazards of New Financial Technologies. Abstract from American Association of Geographers, Washington, United States.
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Grindsted, TS 2019, 'Algorithms and the Anthropocene: Finance, Sustainability, and the Promise and Hazards of New Financial Technologies' American Association of Geographers, Washington, United States, 03/04/2019 - 07/04/2019, .

Algorithms and the Anthropocene : Finance, Sustainability, and the Promise and Hazards of New Financial Technologies. / Grindsted, Thomas Skou.

2019. Abstract from American Association of Geographers, Washington, United States.

Research output: Contribution to conferenceConference abstract for conferenceResearchpeer-review

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AB - This paper addresses how high frequency trading in financial markets is increasingly discursively related to climate change and producing peculiar iterative patterns of accommodation and reinforcement of climate change. Stock market trades have accelerated at a rate at which shares change hands in microseconds. This increases the risk of systemic crises. I examine the ways in which high frequency trading both reconfigures the dynamics of finance and changes the global financial system in different spatio-temporal ways, as well as produces political ecologies of engagement, divergence, and convergence between the financial and Earth Systems. Accordingly, I examine technological change and algorithmic strategies at stock exchanges. By analyzing algorithmic strategies I interrogate the connections between algorithms at stock exchanges and the environment, and how algorithmic financialization intersects the Anthropocene debate. The analysis explains the nature of high frequency trading strategies and market responses to natural disasters, tsunamis, typhoons, draught and wild fires. In the final section I discuss whether algorithmic economies singularly contribute to worsening environmental crises and how financial investment algorithms may adapt to climate change.

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Grindsted TS. Algorithms and the Anthropocene: Finance, Sustainability, and the Promise and Hazards of New Financial Technologies. 2019. Abstract from American Association of Geographers, Washington, United States.