UPDATE 2-U.K. speed trader arrested over role in 2010 U.S. 'flash crash'

April 21, 2015 5:40 PM

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WASHINGTON, April 21 (Reuters) - A high-frequency trader was arrested in the United Kingdom over charges he manipulated the futures market and played a role in sparking the May 2010 "flash crash", the U.S. Justice Department said on Tuesday.

Navinder Singh Sarao, 37, of Hounslow, United Kingdom, was criminally charged on charges of wire fraud, commodities fraud and manipulation, said the DOJ.

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