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Podcast: Chat With Traders
Episode: Liam Vaughan – Bedroom Trader Amasses Fortune, Becomes Prime Suspect of Flash Crash
Description: Liam Vaughan is a finance author and senior reporter for Bloomberg.His latest book Flash Crash tells the story of Navinder Singh Sarao, a London trader, living at his parents house, who made ~$70M from his bedroom and was later accused by the U.S. government of playing a role in the 2010 Flash Crash.For anyone unaware, this was a deeply perplexing event in which the U.S. stock market, one afternoon, plunged approximately 9% and then almost completely rebounded, all in the space of just 30-minutes.While Liam speaks on many interesting moments...