Burgundy Blog » 2015 » June

Call Me Old-Fashioned…

Navinder Singh Sarao, a U.K. high-frequency trader, was arrested recently for using market manipulation to destabilize the market causing the May 6, 2010 Flash Crash where, among other markets, the Dow Jones Industrial Average lost 9% within minutes only to recover shortly thereafter. On that afternoon, Mr. Sarao placed thousands of trades that he had… Continue reading “Call Me Old-Fashioned…”