Flash Crash
A Trading Savant, a Global Manhunt, and the Most Mysterious Market Crash in History
Seiten
2020
|
International edition
Doubleday & Co Inc. (Verlag)
978-0-385-54635-5 (ISBN)
Doubleday & Co Inc. (Verlag)
978-0-385-54635-5 (ISBN)
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The riveting story of a trading prodigy who amassed $70 million from his childhood bedroom--until the government accused him of helping trigger an unprecedented market collapse
Soon to be a feature film starring Dev Patel
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 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 the man at the center of them both.
Soon to be a feature film starring Dev Patel
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 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 the man at the center of them both.
LIAM VAUGHAN is an investigative journalist for Bloomberg and Bloomberg Businessweek . He has been awarded the Gerald Loeb prize for excellence in business journalism and the Harold Wincott prize for financial journalism. He is coauthor of The Fix: How Bankers Lied, Cheated, and Colluded to Rig the World's Most Important Number . He lives in London.
| Erscheinungsdatum | 15.05.2020 |
|---|---|
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 156 x 235 mm |
| Gewicht | 306 g |
| Themenwelt | Literatur ► Biografien / Erfahrungsberichte |
| Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Wirtschaft | |
| Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte | |
| Recht / Steuern ► Strafrecht ► Kriminologie | |
| Wirtschaft | |
| Schlagworte | American History • autobiographies • Autobiography • Biographies • biographies of famous people • Biography • business • business books • Business history • Capitalism • conspiracy • corporations • Crime • crime books • Criminal psychology • Economics • economics books • economy • FBI • Finance • finance books • Financial Books • Financial Crime • Financial Markets • History • History books • Law and Order • MONEY • Negotiation • Prison • prison books • Stock Market • Strategy • True Crime • true crime books • True stories • True story • true story books |
| ISBN-10 | 0-385-54635-1 / 0385546351 |
| ISBN-13 | 978-0-385-54635-5 / 9780385546355 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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