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Speed trader arrested in UK over role in 2010 US 'flash crash'

He had used automated programs to execute his scheme

Washington

A HIGH-FREQUENCY trader was arrested in the UK over his alleged role in the May 2010 "flash crash" that briefly wiped out nearly US$1 trillion in market capitalisation, the first time the authorities have blamed manipulation for the market turbulence.

Navinder Singh

sentifi.com

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