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xplorer
Forum:
Traders Hideout
May 8th, 2016, 04:36 AM
Replies:
15
'Flash crash' hearing told spoofing does not justify trader's extradition to US
Views:
4,118
Posted By
xplorer
Eric Hunsdaer on Nav Sarao ...
Eric Hunsdaer on Nav Sarao
https://nexusfi.com/attachment.php?attachmentid=207920
https://twitter.com/nanexllc/status/728641514746748928
Hunsader says that Sarao stopped his algo at 1:40...
Forum:
Traders Hideout
March 24th, 2016, 05:14 PM
Replies:
15
'Flash crash' hearing told spoofing does not justify trader's extradition to US
Views:
4,118
Posted By
xplorer
But that's exactly why he was made a scapegoat,...
But that's exactly why he was made a scapegoat, as DionysusToast said. He complained, he is the little guy with no lobbyst to pay off congressmen, he was making money, he had to take the fall.
Forum:
Traders Hideout
March 24th, 2016, 05:13 PM
Replies:
15
'Flash crash' hearing told spoofing does not justify trader's extradition to US
Views:
4,118
Posted By
xplorer
As I understand it, the CME sent him several...
As I understand it, the CME sent him several emails asking to stop. It's the CFTC who enforced the spoofing thing and took him to court.
But you're right, the CME could not have a criminal case...
Forum:
Traders Hideout
March 23rd, 2016, 06:21 PM
Replies:
15
'Flash crash' hearing told spoofing does not justify trader's extradition to US
Views:
4,118
Posted By
xplorer
Oh he is/was a spoofer all right. His own point...
Oh he is/was a spoofer all right. His own point was, everybody spoofs, so why not me?
The problem is, he was too small and with no connections, that's why they went after him :ohwell:
Forum:
Traders Hideout
March 23rd, 2016, 01:54 PM
Replies:
15
'Flash crash' hearing told spoofing does not justify trader's extradition to US
Views:
4,118
Posted By
xplorer
You make a good point about his emails... as for...
You make a good point about his emails... as for the 97%, I know there's HFT firms that cancel a very high number of trades (don't have the percentage at hand), but they are not prosecuted... again I...
Forum:
Traders Hideout
March 23rd, 2016, 11:05 AM
Replies:
15
'Flash crash' hearing told spoofing does not justify trader's extradition to US
Views:
4,118
Posted By
xplorer
Thanks Ron, yep I too understand it to be based...
Thanks Ron, yep I too understand it to be based on intent. Trouble is, allegedly it's very difficult to prove intent when spoofing because who's to say the order I cancelled was not cancelled because...
Forum:
Traders Hideout
March 23rd, 2016, 10:08 AM
Replies:
15
'Flash crash' hearing told spoofing does not justify trader's extradition to US
Views:
4,118
Posted By
xplorer
Navr Sarao loses fight against extradition to the US
An update on Nav Sarao
"Navinder Singh Sarao, the British futures trader accused of contributing to the so-called stock market “flash crash” of 2010, has lost his court battle and will be...
Forum:
Traders Hideout
February 8th, 2016, 05:01 PM
Replies:
15
'Flash crash' hearing told spoofing does not justify trader's extradition to US
Views:
4,118
Posted By
xplorer
Haha... the question was a bit provocative, I...
Haha... the question was a bit provocative, I know, but I'm interested in this kind of views... we all know trading is definitely not a gentleman's club and deceit is an integral part of the game.
...
Forum:
Traders Hideout
February 8th, 2016, 02:24 PM
Replies:
15
'Flash crash' hearing told spoofing does not justify trader's extradition to US
Views:
4,118
Posted By
xplorer
'Flash crash' hearing told spoofing does not justify trader's extradition to US
From The Guardian
So, if Sarao won on this basis, does that mean I can start spoofing the markets if I'm in the UK? :wink:
Views appreciated.
Full article here...
Showing results 1 to 9 of 9
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