Navinder Singh Sarao made £27 million by using spoofing and layering techniques whilst executing orders on North American electronic venues, all from his innocuous home in Hounslow. Now, the British government has granted him legal aid – funded by the taxpayer – to fight his legal battle
Read MoreTag: Navinder Singh Sarao
The latency question: Did flash crash trader have split second advantages due to his location?
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 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
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