THE story of Navinder Singh Sarao, the stock trader who has been identified as being responsible for wreaking havoc on the Dow Jones on May 6, 2010 has sparked off a debate.
What Navinder, a 36-year-old trader operating from his modest semi-detached home outside London, did was to sell down the Dow Jones futures index on the Chigaco Merchantile Exchange (CME) by keying in multiple orders simultaneously and at high speed.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!