Does distance really affect trading ability? Opinion shows that Navinder Singh Sarao may have been able to gain a £27 million advantage whilst disrupting North American markets, due to the proximity of his home in Hounslow to the LD4 and LD2 servers, allowing him a massive advantage
Read moreCME Group Inc (NASDAQ:CME), the world's largest derivatives marketplace, has put out an interesting statement in light of the prosecution and possible extradition of Navinder Singh Sarao to the US. The CME has long maintained that the cause of the 2010 'Flash Crash', which on May 6 of that year saw the Dow Jones Industrial Average…
Read moreThe U.S. Justice Department has charged Navinder Singh Sarao, 36, of West London, with wire fraud, commodities fraud and manipulation, and one count of "spoofing." He now faces extradition in August and is subject to £5 million bail conditions
Read moreFrom his innocuous semi-detached house in Hounslow, West London, Navinder Singh Sarao is alleged to have raked in £27 million by spoofing and layering, and being a major contributor to the 2010 flash crash. He now awaits extradition to the United States to face trial
Read moreFXCM has made a commercial statement, affirming that on January 15, 2015, the Swiss National Bank (SNB) caused a flash crash that lead to historic dysfunction never seen before in the FX markets when it announced that it was completely removing the 1.20 floor
Read moreAlex Talei of Price Markets Prime Brokerage UK shares a white paper below regarding the events on the 15th of January caused by the Swiss National Bank (SNB). The drastic move is causing people in the FX industry to think twice about the way they operate. Whether a Broker/Dealer, HFT or individual trader – everyone…
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