’Not just a readable, pacey account of an extraordinary individual and his quixotic quest … but also a troubling exposé of the fragility of our entire financial system … I loved it’ 
Oliver Bullough, author of Moneyland For fans of Bad Blood and The Big Short , the story of how one reclusive trading prodigy manipulated Wall Street and amassed millions from his childhood bedroom – then short-circuited the global market. A real-life financial thriller, Flash Crash gives panoramic insight into our economic landscape – its weaknesses, its crooks and its exploitable loopholes – and uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and the man – Navinder Singh Sarao – at the centre of it all. Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk an outsider who took on the tyranny of Wall Street and the high-frequency traders.

Flash Crash Trading Savant Global Manhun

Vaughan, Liam

William Collins

Flash Crash

’Not just a readable, pacey account of an extraordinary individual and his quixotic quest … but also a troubling exposé of the fragility of our entire financial system … I loved it’ 
Oliver Bullough, author of Moneyland 
For fans of Bad Blood and The Big Short, the story of how one reclusive trading prodigy manipulated Wall Street and amassed millions from his childhood bedroom – then short-circuited the global market. 
A real-life financial thriller, Flash Crash gives panoramic insight into our economic landscape – its weaknesses, its crooks and its exploitable loopholes – and uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and the man – Navinder Singh Sarao – at the centre of it all. 
Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk hero: an outsider who took on the tyranny of Wall Street and the high-frequency traders.

Flash Crash: A Trading Savant, a Global Manhunt and the Most Mysterious Market Crash in History

Biographies & Memoirs

Historical

"[An] extraordinary tale"--Wall Street Journal "Compelling [and] engaging"--Financial Times "Magnificently detailed yet pacy...Think&nbsp;Trading Places&nbsp;meets&nbsp;Wall Street"--Sunday Times (UK) The riveting story of a trading prodigy who amassed $70 million from his childhood bedroom--until the US government accused him of helping trigger an unprecedented market collapse 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 what was then 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 a man at the center of them both.

Flash Crash: A Trading Savant, a Global Manhunt, and the Most Mysterious Market Crash in History

Professionals & Academics

DOUBLEDAY

"The first thing you think is where's the edge, where can I make a bit more money, how can I push, push the boundaries. But the point is, you are greedy, you want every little bit of money that you can possibly get because, like I say, that is how you are judged, that is your performance metric" —Tom Hayes, 2013 In the midst of the financial crisis, Tom Hayes and his network of traders and brokers from Wall Street's leading firms set to work engineering the biggest financial conspiracy ever seen. As the rest of the world burned, they came together on secret chat rooms and late night phone calls to hatch an audacious plan to rig Libor, the 'world's most important number' and the basis for $350 trillion of securities from mortgages to loans to derivatives. Without the persistence of a rag-tag team of investigators from the U.S., they would have got away with it.... The Fix by award-winning Bloomberg journalists Liam Vaughan and Gavin Finch, is the inside story of the Libor scandal, told through the journey of the man at the centre of it: a young, scruffy, socially awkward misfit from England whose genius for math and obsessive personality made him a trading phenomenon, but ultimately paved the way for his own downfall. Based on hundreds of interviews, and unprecedented access to the traders and brokers involved, and the investigators who caught up with them, The Fix provides a rare look into the dark heart of global finance at the start of the 21st Century.

The Fix: How Bankers Lied, Cheated and Colluded to Rig the World's Most Important Number (Bloomberg)

Business & Money

Finch, Gavin

Economics

wiley

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Books by Vaughan, Liam