Bail for accused UK 'flash crash' trader set at 5 million pounds

A London court granted conditional bail on Wednesday to Navinder Singh Sarao, a trader accused by U.S. authorities of illegally stoking the May 2010 Wall Street "flash crash", and set the required surety at 5.05 million pounds ($8 million). Sarao, who opposes extradition to the United States to face trial in an Illinois court, is required to post 5 million pounds himself while his closest relatives must produce the remaining 50,000 pounds.