Flash Crash – Mystery trader charged

Here Is The City reports that a trader has been charged with fraud and market manipulation related to the Flash Crash of May 2010.

This story has been featured heavily in the press, particularly because the trader himself is so different to the usual trader stereotype (he lives in a pretty ordinary semi-detached house despite being worth £millions). He also protests his innocence and believes he was just good at his job.

I wonder if this guy will be the next subject of a block-buster Michael Lewis book?

Leave a comment

Filed under Finance

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s