Are You Faster Than A Stock Market Spoofer? | Zero Hedge

Think you too could “Sarao” the markets? Step right up and test your ‘spoofing’ skills…As an “old school point’n’click prop trader” he managed to set and cancel thousands of trades in milliseconds.Click image below for reaction speed test…If you can’t beat 20ms, then every HFT shop just front-ran you and executed your ‘test’ trade…It appears ‘humans’ are not capable of […]

UK trader arrested in stock market 'Flash Crash' | Oklahoma City …

Federal law enforcement officials have charged a United Kingdom man with manipulating the stock market and triggering the 2010 “Flash Crash.”
The Federal Bureau of Investigation said Navinder Singh Sarao, 37, was arrested Tuesday in the U.K. and charged with multiple counts of fraud.Prosecutors say Sarao used illegal trading techniques that contributed to an abrupt stock market crash on May 6, […]

UK trader charged for manipulation contributing to 2010 flash crash

The complaint alleges that Sarao “used an automated trading program to manipulate the market for E-Mini S&P 500 futures contracts (E-Minis) on the Chicago Mercantile Exchange (CME),” according to the DOJ.By manipulating these futures tied to the Standard & Poor’s 500 Index, Sarao allegedly “earned him significant profits and contributed to a major drop in the U.S. stock market on […]