How London Man May Have Helped Trigger the 'Flash Crash'

April 25, 2015 1:21 PM

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He operated from a modest suburban London home he shared with his parents, far from the city's glamorous financial center. He used off-the-shelf software anyone can buy.

Yet, if U.S. authorities are correct, Navinder Singh Sarao, 36, managed to send a jolt of fear through the world's markets by helping to set off the 2010 "flash crash," in which the Dow Jones average plunged 600 points in less than seven minutes.

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