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Liam Vaughan

Trading futures has become a profession for Navinder Singh Sarao, from Hounslow, London, a mathematical brainiac. His frustration with the automatic high-frequency trading tactics he had to deal with led him to develop a computer program to outsmart them. Although it succeeded, it may have contributed to the collapse of the global market. In the world of finance, his actions have had a lasting impact.

hashtagtrue-crime
hashtagfinance
hashtageconomics
clock12 min
bite5 Bites
target5 Insight

What's it about?

The subject of this book is Navinder Singh Sarao, The “Hound of Hounslow,” an English man charged with being accountable for triggering the instant and shocking stock market crash in 2010. It describes a story of global scams and romantic ideals in a fast-paced and meticulous way.

Book summary

Trading futures has become a profession for Navinder Singh Sarao, from Hounslow, London, a mathematical brainiac. His frustration with the automatic high-frequency trading tactics he had to deal with led him to develop a computer program to outsmart them. Although it succeeded, it may have contributed to the collapse of the global market. In the world of finance, his actions have had a lasting impact.

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Specialists are confused by the rapid drop in the global financial market.

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A talented but unknown trader at the center of the mystery.

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The brilliant futures market speculator is competing with the latest technology.

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Authorities were slow to follow the creator of a program alleged to be crashing the stock market.

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The Navinder Sarao case raises questions about the world of finance.

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