The technology may have advanced to HFT Trading, algorithmic trading but the rogue inside the human will always US Flash Crash Traderoverpower the technology.

Let’s try to understand the case of Navinder Singh Sarao , Has he became the scapegoat ?

According to the justice department Mr Sarao and his firm is guilty of Nav Sarao Futures, made £26m ($40m) illegally over five years.

He has been accused of using an “automated trading program” to manipulate markets, and contributing to the flash crash of 6 May 2010. On that day, the Dow Jones index lost 700 points in a matter of minutes – wiping about $800bn off the value of US shares – before recovering just as quickly. Continue reading