UPDATE 1-Credit Suisse says struck security deal with "Flash Crash" suspect

April 22, 2015 5:43 PM

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LONDON, April 22 (Reuters) - Credit Suisse UK had a security agreement with Nav Sarao Futures, the company of the man arrested in London over his alleged role in the May 2010 "flash crash", a spokesman for the Swiss bank said on Wednesday.

This was the first confirmation of an external institution providing financing to Nav Sarao, who is fighting extradition from Britain to face accusations he gamed the Chicago Mercantile Exchange, the largest U.S. futures market, using custom-made software that contributed to the brief 2010 crash.

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