Flash Crash

Autori

• Liam Vaughan

Parametri

• Business & Management
• Commercio
• Economia
• Saggistica
• Tema stórico

Maggiori informazioni sul libro

The riveting story of a trading prodigy who amassed $70 million from his childhood bedroom unfolds against the backdrop of a shocking market event. On May 6, 2010, financial markets worldwide experienced an unprecedented tumble, losing a trillion dollars in just five minutes during what became known as the Flash Crash. This rapid decline, followed by a swift rebound, left experts baffled. Navinder Singh Sarao, a seemingly unassuming man from a working-class neighborhood in West London, emerged as a key figure in this financial upheaval. A gifted trader, he had been playing the markets like a computer game, operating from his childhood home after leaving London's trading arcades. For years, he thrived until high-speed electronic traders began to erode his profits. In response, Nav developed his own trading system, which initially proved successful. However, in 2015, the FBI knocked on his door, leading to a dramatic turn of events. Depending on perspective, Sarao is viewed as either a villain of a flawed financial system or a folk hero challenging Wall Street's high-frequency traders. This real-life financial thriller unveils the intricate narrative behind a market crash, a global investigation into fraud, and the man at its center.

Lingua: Inglese

Pubblicato: 2020

(In brossura)