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In April 2015, Navinder Singh Sarao, an autistic [64] [65] London-based point-and-click trader, [66] was arrested for his alleged role in the flash crash. According to criminal charges brought by the United States Department of Justice , Sarao allegedly used an automated program to generate large sell orders, pushing down prices, which he then ...
In the U.S. Department of Justice April 21, 2015 complaint of market manipulation and fraud laid against Navinder Singh Sarao, [20] — dubbed the Hounslow day-trader [21] — appeared "to have used this 188-and-289-lot spoofing technique in certain instances to intensify the manipulative effects of his dynamic layering technique...The purpose ...
According to a Commodity Futures Trading Commission (CFTC) 2014 report, a significant cause of the event was the use of spoofing algorithms by Navinder Singh Sarao, a British financial trader; just prior to the flash crash, he placed orders for thousands of E-mini S&P 500 stock index futures contracts — which traded on CME Group's Globex ...
Two Indian chemical companies have been indicted for allegedly importing ingredients for the highly addictive opioid fentanyl into the United States and Mexico, the U.S. Department of Justice said ...
The aftermath of the crush in the southwest Nigerian city of Ibadan. - TVC NEWS/Reuters. Nigeria, a West African nation home to more than 236 million people, has seen several deadly crowd crushes ...
News. Science & Tech. Shopping. Sports. Weather ‘Mufasa’ Rules Post-Christmas Box Office With $12 Million, ‘Nosferatu’ Shows Bite With $7.6 Million Thursday. Brent Lang.
A London-based trader who traded on the Chicago Mercantile Exchange, Navinder Singh Sarao, accused of contributing to the 2010 Wall Street "flash crash" by placing bogus orders to spoof the market, fails in his legal bid to stop extradition and will now be sent to the United States to face trial where he is wanted by U.S. authorities on 22 ...
By Joseph Ax, Rich McKay and Brad Brooks. NEW YORK (Reuters) - In the days since Luigi Mangione was charged with murder for gunning down a top health insurance executive, more than a thousand ...