Did Spoofing Cause the Flash Crash?

The United States has filed criminal charges against on Navinder Sarao, of London, for manipulation via “spoofing” (in the form of “layering”) and “flashing.” The most attention-grabbing aspect of the complaint is that Sarao engaged in this activity on 6 May, 2010-the day of the Flash Crash. Journalists have run wild with this allegation, concluding […] View the full post at: Did Spoofing Cause the Flash Crash? Related posts: The World’s Capital Markets Have Become a Vast Out-of-control Casino Is This A One Day Wonder Like 1987? Enron Law Firm Sues Goldman Sachs For Alleged Deception