Flash crash : a trading savant, a global manhunt, and the most mysterious market crash in history

By: Liam VaughanMaterial type: TextTextPublication details: London, William Collins, 2020Description: viii, 255 pages ; 24 cmISBN: 9780008270407
Contents:
Machine generated contents note: ACT ONE 1.Work Well Under Pressure 2.The Boy Plunger 3.That's a Fugazi 4.The Trade I 5.Rise of the Robots 6.End of an Era 7.The Trade II 8.A Brief History of Spoofing 9.Building the Machine 10.The Crash ACT TWO 11.The Aftermath 12.Milking Markets 13.The Dust Settles 14.Thought Crime 15.Pimp My Algo 16.Jesus Enters 17.Mr. X 18.NAVSAR 19.Cornbread and the CME 20.MINDGames ACT THREE 21.Where's the Money, Nav? 22.#freenav 23.All Is Lost 24.Come to Jesus 25.Catch Me If You Can
Summary: 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 collapse On 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 neighbourhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game. By the age of thirty, he had left behind London's "trading arcades," working instead out of his childhood home. For years the money poured in. But when lightning-fast electronic traders infiltrated markets and started eating into his profits, Nav built a system of his own to fight back. It worked--until 2015, when the FBI arrived at his door. Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk hero who took on the tyranny of Wall Street and the high-frequency traders. A real-life financial thriller, Flash Crash uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and the man at the centre of them both"
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Item type Current library Collection Call number Status Date due Barcode
Book Perpustakaan Kementerian Perpaduan Malaysia
Non- Fiction Rack - Social sciences
Non-fiction 332.64 VAU 2020 (Browse shelf (Opens below)) Available KPN23030123
Book Perpustakaan Kementerian Perpaduan Malaysia
Non- Fiction Rack - Social sciences
Non-fiction 332.64 VAU 2020 (Browse shelf (Opens below)) Available KPN23050018

Machine generated contents note: ACT ONE
1.Work Well Under Pressure
2.The Boy Plunger
3.That's a Fugazi
4.The Trade I
5.Rise of the Robots
6.End of an Era
7.The Trade II
8.A Brief History of Spoofing
9.Building the Machine
10.The Crash
ACT TWO
11.The Aftermath
12.Milking Markets
13.The Dust Settles
14.Thought Crime
15.Pimp My Algo
16.Jesus Enters
17.Mr. X
18.NAVSAR
19.Cornbread and the CME
20.MINDGames
ACT THREE
21.Where's the Money, Nav?
22.#freenav
23.All Is Lost
24.Come to Jesus
25.Catch Me If You Can

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 collapse On 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 neighbourhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game. By the age of thirty, he had left behind London's "trading arcades," working instead out of his childhood home. For years the money poured in. But when lightning-fast electronic traders infiltrated markets and started eating into his profits, Nav built a system of his own to fight back. It worked--until 2015, when the FBI arrived at his door. Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk hero who took on the tyranny of Wall Street and the high-frequency traders. A real-life financial thriller, Flash Crash uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and the man at the centre of them both"

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