Flash Crash: A Trading Savant, a Global Manhunt and the Most Mysterious Market Crash in History


‘The UK’s pre-eminent chronicler of financial crime’ New Yorker‘Not just a readable, pacey account of an extraordinary individual and his quixotic quest for money he didn’t even spend, but also a troubling exposé of the fragility of our entire financial system … I loved it’Oliver Bullough, author of MoneylandFor fans of Bad Blood and Flash Boys, the story of a trading prodigy who amassed $70 million from his childhood bedroom-until the US government accused him of helping trigger an unprecedented market collapse.On May 6, 2010, financial markets around the world tumbled simultaneously and without warning. In the span of five minutes, a trillion dollars of valuation was lost. The Flash Crash, as it became known, represented the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. What had they just witnessed? Navinder Singh Sarao hardly seemed like a man who would shake the world’s financial markets to their core. Raised in a working-class neighbourhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game. By the age of thirty, he had left behind London’s trading arcades, working instead out of his childhood home. For years the money poured in. But when lightning-fast electronic traders infiltrated markets and started eating into his profits, Nav built a system of his own to fight back. It worked-until 2015, when the FBI arrived at his door. Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk hero-an outsider who took on the tyranny of Wall Street and the high-frequency traders.A real-life financial thriller, Flash Crash uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and the man at the centre of them both.

Amazon.co.uk Price: £9.38 (as of 09/04/2023 11:03 PST- Details)

‘The UK’s pre-eminent chronicler of monetary crime’ New Yorker‘Not only a readable, pacey account of a rare particular person and his quixotic quest for cash he didn’t even spend, but additionally a troubling exposé of the fragility of our whole monetary system … I beloved it’Oliver Bullough, writer of MoneylandFor followers of Unhealthy Blood and Flash Boys, the story of a buying and selling prodigy who amassed $70 million from his childhood bedroom-until the US authorities accused him of serving to set off an unprecedented market collapse.On Might 6, 2010, monetary markets all over the world tumbled concurrently and with out warning. Within the span of 5 minutes, a trillion {dollars} of valuation was misplaced. The Flash Crash, because it grew to become identified, represented the quickest drop in market historical past. When share values rebounded lower than half an hour later, consultants across the globe had been left perplexed. What had they only witnessed? Navinder Singh Sarao hardly appeared like a person who would shake the world’s monetary markets to their core. Raised in a working-class neighbourhood in West London, Nav was a preternaturally gifted dealer who performed the markets like a pc sport. By the age of thirty, he had left behind London’s buying and selling arcades, working as a substitute out of his childhood residence. For years the cash poured in. However when lightning-fast digital merchants infiltrated markets and began consuming into his income, Nav constructed a system of his personal to combat again. It worked-until 2015, when the FBI arrived at his door. Relying on whom you ask, Sarao was a scourge, a logo of a monetary system run horribly amok, or a folks hero-an outsider who took on the tyranny of Wall Road and the high-frequency merchants.An actual-life monetary thriller, Flash Crash uncovers the exceptional, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into worldwide fraud, and the person on the centre of them each.

Based on 0 reviews

0.0 overall
0
0
0
0
0

Be the first to review “Flash Crash: A Trading Savant, a Global Manhunt and the Most Mysterious Market Crash in History”

There are no reviews yet.