53 min listen
194: Liam Vaughan – Bedroom Trader Amasses Fortune, Becomes Prime Suspect of Flash Crash
194: Liam Vaughan – Bedroom Trader Amasses Fortune, Becomes Prime Suspect of Flash Crash
ratings:
Length:
55 minutes
Released:
May 7, 2020
Format:
Podcast episode
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 from Nav’s life in this episode—from beginning as prop trader in 2003, through to when he was extradited to the U.S. in 2016—it’s only a sample of what’s covered in the book (an absolute must-read!)
Released:
May 7, 2020
Format:
Podcast episode
Titles in the series (100)
004: Nick Radge – How to power through trading losses and continue executing: Nick shines light on many areas of trading that are not often spoken about, throughout this interview. by Chat With Traders