Wall Street Flash Crash

An Indian-origin futures trader, who was extradited to the US after being arrested in the UK for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly USD 1 trillion off the value of American shares in minutes, has pleaded guilty in a court in Chicago.

A UK court today ordered extradition to the US of an Indian-origin futures trader arrested for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares in minutes.

A London-based trader, accused by the US of contributing to the 2010 Wall Street "flash crash", should not be extradited because the offences he is accused of are not crimes in Britain, his lawyers said today.

The extradition case involving a London-based Indian-origin lone trader accused of triggering the Wall Street "flash crash" over five years ago opened in London on Thursday.

A London-based Indian-origin trader accused of triggering the Wall Street "flash crash" which allegedly wiped out nearly USD 1 trillion in market value five years ago has been given until February next year to prepare for his extradition hearing to the US.

Lawyers for Navinder Sarao, 36, had urged Westminster Magistrates Court on Friday to delay an extradition hearing set for late next month to allow an expert witness more time to prepare a report for his defence.

An Indian-origin futures trader accused of triggering the Wall Street "flash crash", which wiped billions of dollars off the value of US shares in minutes, is set to be released on bail after spending more than 100 days in prison.

An Indian-origin futures trader, fighting extradition to America for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares, will file an appeal against his bail conditions in the UK High Court.

An Indian-origin futures trader, fighting extradition to America for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly 1 trillion dollars off the value of US shares, will file an appeal against his bail conditions in the UK High Court.

The British trader fighting extradition to the United States on charges of having contributed to the 2010 "flash crash" on Wall Street told a London court on Wednesday he had done nothing wrong and was just good at his job.

A British court today remanded into custody an Indian-origin futures trader, arrested for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly 1 trillion dollars off the value of US shares in minutes, after he failed to pay 5.05-million euro bail.

Navinder Sarao, the British trader accused of helping provoke the 2010 Wall Street "flash crash", is due to appear in a London court on Wednesday after failing to raise the bail needed to secure his release from custody, a court official said.

The notion that one man trading from his parents' house in a working class London suburb had a material role in the 2010 Wall Street flash crash has aroused increasing scepticism from investors and traders since charges were brought on Tuesday.

Navinder Singh Sarao, 36, was arrested in London on criminal charges this week, and authorities have sought to link his trades to the flash crash, when about $1 trillion was briefly wiped out from US stock markets in a matter of minutes.

A London court granted conditional bail on Wednesday to Navinder Singh Sarao, a trader accused by U.S. authorities of illegally stoking the May 2010 Wall Street "flash crash", and set the required surety at 5.05 million pounds ($8 million).

An Indian-origin futures trader, who was extradited to the US after being arrested in the UK for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly USD 1 trillion off the value of American shares in minutes, has pleaded guilty in a court in Chicago.

A UK court today ordered extradition to the US of an Indian-origin futures trader arrested for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares in minutes.

A London-based trader, accused by the US of contributing to the 2010 Wall Street "flash crash", should not be extradited because the offences he is accused of are not crimes in Britain, his lawyers said today.

The extradition case involving a London-based Indian-origin lone trader accused of triggering the Wall Street "flash crash" over five years ago opened in London on Thursday.

A London-based Indian-origin trader accused of triggering the Wall Street "flash crash" which allegedly wiped out nearly USD 1 trillion in market value five years ago has been given until February next year to prepare for his extradition hearing to the US.

Lawyers for Navinder Sarao, 36, had urged Westminster Magistrates Court on Friday to delay an extradition hearing set for late next month to allow an expert witness more time to prepare a report for his defence.

An Indian-origin futures trader accused of triggering the Wall Street "flash crash", which wiped billions of dollars off the value of US shares in minutes, is set to be released on bail after spending more than 100 days in prison.

An Indian-origin futures trader, fighting extradition to America for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares, will file an appeal against his bail conditions in the UK High Court.

An Indian-origin futures trader, fighting extradition to America for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly 1 trillion dollars off the value of US shares, will file an appeal against his bail conditions in the UK High Court.

The British trader fighting extradition to the United States on charges of having contributed to the 2010 "flash crash" on Wall Street told a London court on Wednesday he had done nothing wrong and was just good at his job.

A British court today remanded into custody an Indian-origin futures trader, arrested for his alleged role in the 2010 Wall Street "flash crash" which wiped nearly 1 trillion dollars off the value of US shares in minutes, after he failed to pay 5.05-million euro bail.

Navinder Sarao, the British trader accused of helping provoke the 2010 Wall Street "flash crash", is due to appear in a London court on Wednesday after failing to raise the bail needed to secure his release from custody, a court official said.

The notion that one man trading from his parents' house in a working class London suburb had a material role in the 2010 Wall Street flash crash has aroused increasing scepticism from investors and traders since charges were brought on Tuesday.

Navinder Singh Sarao, 36, was arrested in London on criminal charges this week, and authorities have sought to link his trades to the flash crash, when about $1 trillion was briefly wiped out from US stock markets in a matter of minutes.

A London court granted conditional bail on Wednesday to Navinder Singh Sarao, a trader accused by U.S. authorities of illegally stoking the May 2010 Wall Street "flash crash", and set the required surety at 5.05 million pounds ($8 million).