WRAPUP-Accused British 'flash crash' trader fights extradition to U.S.

April 22, 2015 9:22 PM

56 0

LONDON/CHICAGO, April 22 (Reuters) - A British man accused of market manipulation that contributed to the May 2010 Wall Street "flash crash" said he opposed being extradited to the United States, while the operator of the market where he traded denied that futures, as prosecutors have argued, caused the crash.

Bail for Navinder Singh Sarao, 36, was set at 5 million pounds ($7.5 million), along with other conditions. He will remain jailed in London for at least one night.

Also read: Suspect accused of killing man who was gardening appears in court

Read more

To category page

Loading...