How This Bedroom Trader Caused a Flash crash and wiped out $1 trillion From US Markets

This is the story of Navinder Singh Sarao, the ‘Hound of Hounslow,’ a trader trading futures from his parents’ suburban London home,, shook up the investment world when his computer program set off the “Flash Crash,” causing the stock market to temporarily lose a trillion dollars in a matter of minutes before recovering

Nav’s approach to trading was unconventional. He applied his gaming strategy of observing patterns and developing counter-strategies to the financial markets. He was a keen gamer, ranking in the top 700 of 3 million players globally at the soccer computer game FIFA, which required focus and hand-eye coordination. This method allowed him to identify opportunities that others missed and to execute trades with precision. His strategy was not just about making money; it was about understanding and exploiting the intricacies of the market, effectively becoming a “glitch in the matrix.” His strategy took on the smartest algorithmic high-frequency traders and beat them! He flipped it around. Knowing how the algorithms were set up, he knew which indicators would lead to big market movements. Nav hired someone to build bespoke software to allow him to essentially “fake” the market causing movements in stocks that he could then profit off. This is known as ‘spoofing’, and is clear market manipulation.

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