Navinder Sarao: the British Flash Crash Trader who Amassed a Fortune But who is he - and how did he help cause markets to plunge almost 4,000 miles away? Read about our approach to external linking. The arrest of Navinder Singh Sarao, the U.K. trader whose actions authorities allege contributed to the 2010 "flash crash," has shined a spotlight on the businesses known as trading arcades. Indigo and Spicejet get shorter routes, cheaper fuel bills while Adani, GMR, and GVK get more airport projects to bid for, The Mormon Church's secretive $100 billion fund slashed its Exxon, Marriott, and Wells Fargo stakes last quarter, Nancy Pelosi says Democrats opted against putting federal aid on autopilot in their $3 trillion coronavirus spending package to avoid amplifying sticker shock, Visit the Business Insider homepage for more stories, Flash Crash: A Trading Savant, A Global Manhunt and the Most Mysterious Market Crash in History, Vivo V27 Pro Review: Capable camera performance in a sleek form factor, A woman threw a house party with 65 men she matched with on Tinder and Hinge and connected with the man she's now been dating for a year, Amazon will halt construction of its planned $2.5 billion Virginia headquarters, the company doubles down on cost-cutting, 'Let's get real': scientists discover a new way climate change threatens cold-blooded animals, IISc researchers show chemically-modified nanosheets are effective for biomedical applications, SC extends stay on order quashing write-off of Yes Bank's AT1 bonds, People have become low on tolerance, not willing to accept opinions: CJI Chandrachud, Startup fundraising hits an 8-month low in February, falls over 83% YoY. Sarao used a technique called spoofing, and he didn't use any of his money when doing so. Spoofing (finance) - Wikipedia The CFTC alleged that on May 6, 2010, the day of the so-called Flash Crash, Sarao was active in the E-Mini S&P market on the CME Group.
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