Flash Crash
A Trading Savant, a Global Manhunt, and the Most Mysterious Market Crash in History
"[An] extraordinary tale"—Wall Street Journal
"Compelling [and] engaging"—Financial Times
"Magnificently detailed yet pacy...Think Trading Places meets Wall Street"—Sunday Times (UK)
The riveting story of a trading prodigy who amassed $70 million from his childhood bedroom—until the US government accused him of helping trigger an unprecedented market collapse
On May 6, 2010, financial markets around the world tumbled simultaneously and without warning. In the span of five minutes, a trillion dollars of valuation was lost. The Flash Crash, as it became known, represented what was then the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. What had they just witnessed?
Navinder Singh Sarao hardly seemed like a man who would shake the world's financial markets…
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May 12, 2020LIAM VAUGHAN is an investigative journalist for Bloomberg and Bloomberg Businessweek. He has been awarded the Gerald Loeb prize for excellence in business journalism and the Harold Wincott prize for financial journalism. He is coauthor of The Fix: How Bankers Lied, Cheated, and Colluded to Rig the World's Most Important Number. He lives in London.
