15 Minutes of Chaos: The Untold Story of the 2010 Flash Crash

💥The flash crash of 2010 caused a sudden drop in the US stock market and futures market, wiping off a trillion dollars in just five minutes.

📈Navinder Singh Sarao, a British day trader, was accused of manipulating the market and making millions during the flash crash.

👤Despite being portrayed as an arch criminal mastermind, Sarao was just an ordinary kid from a working-class neighborhood with a gift for numbers.

🤖Sarao built his own trading algorithm to fight back against high-frequency traders and manipulate the market in his favor.

📉The flash crash led to investigations and discussions about market manipulation and the impact of high-frequency trading on market integrity.

What caused the 2010 flash crash?

—The flash crash was caused by a combination of factors, including high-frequency trading, market volatility, and the actions of day trader Navinder Singh Sarao.

Who was Navinder Singh Sarao?

—Navinder Singh Sarao was a British day trader who was accused of manipulating the market during the 2010 flash crash. He made millions of dollars from his trading strategies.

How did Navinder manipulate the market?

—Navinder built his own trading algorithm that allowed him to place large sell orders and create artificial market movements. By manipulating the market, he was able to profit from the price fluctuations.

What were the consequences of the flash crash?

—The flash crash led to a loss of confidence in the markets, investigations into market manipulation, and discussions about the role of high-frequency trading in creating market volatility.

Has there been any regulation to prevent future flash crashes?

—Since the flash crash, there have been regulatory changes aimed at improving market stability and preventing market manipulation. These include circuit breakers, trading safeguards, and increased oversight of high-frequency trading.

00:02In just 15 minutes, the 2010 flash crash shook the world's biggest markets, wiping a trillion dollars off the value of American companies.

02:05Navinder Singh Sarao, a British day trader, was accused of manipulating the market and making millions during the flash crash.

05:01Sarao was an ordinary kid from a working-class neighborhood with a gift for numbers and a desire to stick it to the establishment.

08:15Frustrated by high-frequency traders, Sarao built his own trading algorithm to manipulate the market and fight back against the robots.

10:24The 2010 flash crash led to investigations into market manipulation and discussions about the impact of high-frequency trading on market integrity.