23-03-2016 14:22 via uk.news.yahoo.com

'Flash Crash' Trader Can Be Extradited To US

The British trader accused of helping trigger the so-called Wall Street "Flash Crash" can be extradited to the US to stand trial, a judge has ruled. Navinder Singh Sarao is alleged, by US prosecutors, to have made millions of pounds through an "automated trading programme" to manipulate stock prices in a practice known as 'spoofing' - placing orders for shares with the intent of cancelling them later. District Judge Quentin Purdy, sitting at Westminster Magistrates Court, ruled the extradition c
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