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The riveting story of a trading prodigy who amassed $70 million from his childhood bedroom--until the US government accused him of helping trigger an unprecedented market collapseOn May 6, 2010, financial markets around the world tumbled simultaneously and without warning. In the span of five minutes, a trillion dollars of valuation was lost. The Flash Crash, as it became known, represented the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. What had they just witnessed?Navinder Singh Sarao hardly seemed like a man who would shake the world's financial markets to their core. Raised in a working-class neighborhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game.
About the Author
Liam Vaughan is an investigative reporter with Bloomberg and Businessweek magazine in London.His forthcoming book, Flash Crash (William Collins, Doubleday, 2020) , tells the remarkable real-life story of Navinder Singh Sarao, a trading savant who made $70 million from nothing from his childhood bedroom - until the US government accused him of helping cause one of the most dramatic market crashes in history. It will be published in May 2020 and is being developed into a movie by an Oscar-winning production company.Vaughan's first book, The Fix (Wiley, 2017) , co-written with Gavin Finch, tells the inside story of the Libor scandal. It garnered widespread critical praise and featured in serialisations in the Sunday Times and the Guardian.Vaughan has covered financial markets for more than a decade. In 2013, he led a team of reporters who uncovered a global conspiracy to manipulate the $5 trillion a day foreign exchange market, sparking investigations on three continents that have resulted in $10 billion in fines for banks including JP Morgan, Citigroup, Barclays and UBS. He was awarded a Gerald Loeb award for excellence in business journalism in 2014 and the Harold Wincott prize for the best financial journalism in 2013.
