Hardback Flash crash : a trading savant, a global manhunt and the most mysterious market crash in history / Liam Vaughan.
Publication year: 2020
Publisher: William Collins
Resource type: Physical
ISBN: 0008270392 9780008270391 (hbk.) :
On May 6, 2010, financial markets around the world tumbled simultaneously and without warning. A trillion dollars of valuation was lost. The Flash Crash represented the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. What had they just witnessed? Navinder Singh Sarao hardly seemed like a man who would shake the world's financial markets to their core. Raised in a working-class neighbourhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game. By the age of thirty, he had left behind London's 'trading arcades', working instead out of his childhood home. For years the money poured in. But when lightning-fast electronic traders infiltrated markets and started eating into his profits, Nav built a system of his own to fight back.
viii, 255 pages ; 24 cm