Does distance really affect trading ability? Opinion shows that Navinder Singh Sarao may have been able to gain a £27 million advantage whilst disrupting North American markets, due to the proximity of his home in Hounslow to the LD4 and LD2 servers, allowing him a massive advantage
Read MoreTag: flash crash
CME Group: Futures market didn’t cause 2010 Flash Crash… we think
CME Group Inc (NASDAQ:CME), the world’s largest derivatives marketplace, has put out an interesting statement in light of the prosecution…
Read MoreFlash crash trader gets strict £5 million bail, faces August extradition hearing
The U.S. Justice Department has charged Navinder Singh Sarao, 36, of West London, with wire fraud, commodities fraud and manipulation, and one count of “spoofing.” He now faces extradition in August and is subject to £5 million bail conditions
Read MoreCould one man cause 2010 flash crash from his living room in Hounslow?
From his innocuous semi-detached house in Hounslow, West London, Navinder Singh Sarao is alleged to have raked in £27 million by spoofing and layering, and being a major contributor to the 2010 flash crash. He now awaits extradition to the United States to face trial
Read MoreFXCM Inc details institutional FX market dysfunction on January 15 around SNB action
FXCM has made a commercial statement, affirming that on January 15, 2015, the Swiss National Bank (SNB) caused a flash crash that lead to historic dysfunction never seen before in the FX markets when it announced that it was completely removing the 1.20 floor
Read MorePrice Markets Prime Brokerage shares industry lessons learned – whether Forex Broker, HFT or individual trader
Alex Talei of Price Markets Prime Brokerage UK shares a white paper below regarding the events on the 15th of…
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