Flash Crash 2010

An Indian-origin futures trader, who was extradited to the US after being arrested in the UK for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly USD 1 trillion off the value of American shares in minutes, has pleaded guilty in a court in Chicago.

A UK court today ordered extradition to the US of an Indian-origin futures trader arrested for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares in minutes.

Navinder Singh Sarao, a 37-year-old Indian-origin futures trader could be extradited to the US to face trial for his role in the May 2010 "flash crash" which wiped billions of dollars off the value of US shares in minutes, a UK court ruled on Wednesday.

A London-based trader, accused by the US of contributing to the 2010 Wall Street "flash crash", should not be extradited because the offences he is accused of are not crimes in Britain, his lawyers said today.

Lawyers for Navinder Sarao, 36, had urged Westminster Magistrates Court on Friday to delay an extradition hearing set for late next month to allow an expert witness more time to prepare a report for his defence.

An Indian-origin futures trader, fighting extradition to America for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares, will file an appeal against his bail conditions in the UK High Court.

An Indian-origin futures trader, fighting extradition to America for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly 1 trillion dollars off the value of US shares, will file an appeal against his bail conditions in the UK High Court.

The British trader fighting extradition to the United States on charges of having contributed to the 2010 "flash crash" on Wall Street told a London court on Wednesday he had done nothing wrong and was just good at his job.

A British court today remanded into custody an Indian-origin futures trader, arrested for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly 1 trillion dollars off the value of US shares in minutes, after he failed to pay 5.05-million euro bail.

Navinder Sarao, the British trader accused of helping provoke the 2010 Wall Street "flash crash", is due to appear in a London court on Wednesday after failing to raise the bail needed to secure his release from custody, a court official said.

The notion that one man trading from his parents' house in a working class London suburb had a material role in the 2010 Wall Street flash crash has aroused increasing scepticism from investors and traders since charges were brought on Tuesday.

The type of alleged market manipulation by the British trader accused of helping provoke the "flash crash" in 2010 is hard to detect, the chief of the Financial Industry Regulatory Authority said on Friday.

Navinder Singh Sarao, 36, was arrested in London on criminal charges this week, and authorities have sought to link his trades to the flash crash, when about $1 trillion was briefly wiped out from US stock markets in a matter of minutes.

Navinder Singh Sarao was on Tuesday arrested in London for allegedly causing a "flash crash" in the US in 2010. The 37-year-old British stock market trader of Indian-origin is now fighting extradition to the US from Britain to face wire fraud, commodities fraud and manipulation charges.

A London court granted conditional bail on Wednesday to Navinder Singh Sarao, a trader accused by U.S. authorities of illegally stoking the May 2010 Wall Street "flash crash", and set the required surety at 5.05 million pounds ($8 million).

An Indian-origin futures trader, who was extradited to the US after being arrested in the UK for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly USD 1 trillion off the value of American shares in minutes, has pleaded guilty in a court in Chicago.

A UK court today ordered extradition to the US of an Indian-origin futures trader arrested for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares in minutes.

Navinder Singh Sarao, a 37-year-old Indian-origin futures trader could be extradited to the US to face trial for his role in the May 2010 "flash crash" which wiped billions of dollars off the value of US shares in minutes, a UK court ruled on Wednesday.

A London-based trader, accused by the US of contributing to the 2010 Wall Street "flash crash", should not be extradited because the offences he is accused of are not crimes in Britain, his lawyers said today.

Lawyers for Navinder Sarao, 36, had urged Westminster Magistrates Court on Friday to delay an extradition hearing set for late next month to allow an expert witness more time to prepare a report for his defence.

An Indian-origin futures trader, fighting extradition to America for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares, will file an appeal against his bail conditions in the UK High Court.

An Indian-origin futures trader, fighting extradition to America for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly 1 trillion dollars off the value of US shares, will file an appeal against his bail conditions in the UK High Court.

The British trader fighting extradition to the United States on charges of having contributed to the 2010 "flash crash" on Wall Street told a London court on Wednesday he had done nothing wrong and was just good at his job.

A British court today remanded into custody an Indian-origin futures trader, arrested for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly 1 trillion dollars off the value of US shares in minutes, after he failed to pay 5.05-million euro bail.

Navinder Sarao, the British trader accused of helping provoke the 2010 Wall Street "flash crash", is due to appear in a London court on Wednesday after failing to raise the bail needed to secure his release from custody, a court official said.

The notion that one man trading from his parents' house in a working class London suburb had a material role in the 2010 Wall Street flash crash has aroused increasing scepticism from investors and traders since charges were brought on Tuesday.

The type of alleged market manipulation by the British trader accused of helping provoke the "flash crash" in 2010 is hard to detect, the chief of the Financial Industry Regulatory Authority said on Friday.

Navinder Singh Sarao, 36, was arrested in London on criminal charges this week, and authorities have sought to link his trades to the flash crash, when about $1 trillion was briefly wiped out from US stock markets in a matter of minutes.

Navinder Singh Sarao was on Tuesday arrested in London for allegedly causing a "flash crash" in the US in 2010. The 37-year-old British stock market trader of Indian-origin is now fighting extradition to the US from Britain to face wire fraud, commodities fraud and manipulation charges.

A London court granted conditional bail on Wednesday to Navinder Singh Sarao, a trader accused by U.S. authorities of illegally stoking the May 2010 Wall Street "flash crash", and set the required surety at 5.05 million pounds ($8 million).