Bitely

Flash Crash

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.

true-crime

finance

economics

14 min

6 Bite

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

Liam Vaughan is a London-based investigative journalist contributing to both Bloomberg News and Bloomberg Businessweek. His achievements include receiving the Harold Wincott Prize in 2013 as a member of the Bloomberg team for the best financial journalism and earning a Gerald Loeb Award in 2014 for excellence in the field of business journalism.

To read rest of the book, you can download Bitely

All Bites

6 Bites

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

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

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

After being tricked by the futures market, Nav found a solution to play the system.

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

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

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