How an Indian-origin trader caused the 2010 ‘flash crash’

April 22, 2015 10:36 AM

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How an Indian-origin trader caused the 2010 ‘flash crash’

Sarao's alleged manipulation wiped billions of dollars off the value of U.S. shares in minutes.

An Indian-origin futures trader has been arrested in the U.K. and faces extradition to the U.S. for his alleged role in the May 2010 “flash crash” which wiped billions of dollars off the value of U.S. shares in minutes.

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