Flash Crash – Liam Vaughan
In May 2010, without warning, financial markets across the globe plummeted simultaneously. In the space of five minutes, they shed trillions of dollars in value. This ‘flash crash’ was the fastest drop in market history and, when share values rebounded less than half an hour later, experts were left shaking their heads. Luckily, Liam Vaughan is now here to fill us all in. Released earlier this month, his new book reveals how a bedroom-based trading prodigy called Navinder Singh Sarao made $70m in the noughties before electronic traders arrived and took away his edge. The Flash Crash is about what happened when he fought back.
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