Accused UK 'flash crash' trader to be extradited to U.S.

A London-based trader accused of contributing to the 2010 Wall Street "flash crash" by placing bogus orders to spoof the market lost a legal appeal against extradition at the High Court in London on Friday and will now be sent for trial to the United States. Navinder Sarao, who traded on the Chicago Mercantile Exchange (CME) from his parents' home near Heathrow airport, will be extradited within 28 days.