Did Spoofing Cause the Flash Crash?
April 26, 2015 at 20:47 PM EDT
The United States has filed criminal charges against on Navinder Sarao, of London, for manipulation via “spoofing” (in the form of “layering”) and “flashing.” The most attention-grabbing aspect of the complaint is that Sarao engaged in this activity on 6 May, 2010-the day of the Flash Crash. Journalists have run wild with this allegation, concluding […] View the full post at: Did Spoofing Cause the Flash Crash? Related posts: The World’s Capital Markets Have Become a Vast Out-of-control Casino Is This A One Day Wonder Like 1987? Enron Law Firm Sues Goldman Sachs For Alleged Deception