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Flash Crash

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

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About this listen

 "[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. Business Professionals & Academics True Crime White Collar & Corporate Crime Crime Wall Street Exciting England Banking Government United Kingdom
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Incredible story! There needs to be a movie about Nav right now. This is one of those stories you can't believe is true.

Listen to this book if you've ever bought a stock!

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Really enjoyed this audiobook (and the author narrated his own work well). Engaging as a story about stock trading scams could possibly be. And yes, there is someone still living with their parents doing what no one can imagine online… Interesting outcome!

Intriguing

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This story was very interesting and kept me engaged throughout. What a story!

The descriptions of the market related technical things were made as user friendly as possible.

I really enjoyed this and will relisten to this one.

Gripping

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A great listen. It's such an unexpected juxtaposition - the tale of a guy who lives with his folks, eats at MacDonalds and dresses like a regular working class dude, influencing financial markets on a global scale and churning hundreds of millions of dollars around every day. It's a peek into a world that you wouldn't think could possibly exist, but did.

Great story

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A great book to listen to. Had no problem listening non-stop. Definitely suggest it if you like a good story.

Flowed very nicely. Easy to listen to.

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