Flash Crash

A Trading Savant, a Global Manhunt, and the Most Mysterious Market Crash in History

De: Liam Vaughan

Narrado por: Liam Vaughan

"[An] extraordinary tale"—Wall Street Journal
"Compelling [and] engaging"—Financial Times
"Magnificently detailed yet pacy...Think Trading Places meets Wall Street"—Sunday Times (UK)

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 what was then 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. 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 a man at the center of them both.

Original, thrilling, and well written.

The author does not parse out details that could be too niche, and instead takes time to explain technical details.

Awesome story

loved this tale. Hope to see more from this author. So interesting to hear about how one man was able to take on HFT firms by himself. Also disturbing is how the U.S government is willing to sacrifice small players like Nav to satisfy public need for blood in the wake of the flash crash. Great book couldn't turn it off.

Good read

Flashboys is better, but still an entertaining story of how financial markets works, and how a single individual can have a tremendous impact.

WSB MOD Autobiography - How to guide

This is a wonderful how to book. Not sure why more people haven’t purchased it. At least a million people on r/wallstreetbets should should have it on audio while riding there peloton’s to Game Stop.

Great Story Told in an Unassuming Way...

As good as Vaughan's written words are, his spoken words are even better! Was a pleasure to listen to. A very interesting story and one that needs to be told.