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Summary

For fans of Bad Blood and Flash Boys, the story of a trading prodigy who amassed $70 million from his childhood bedroom-until the US government accused him of helping trigger an unprecedented market collapse.

On May 6, 2010, financial markets around the world tumbled simultaneously and without warning. In the span of five minutes, a trillion dollars of valuation was lost. The Flash Crash, as it became known, represented the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. What had they just witnessed? 

Navinder Singh Sarao hardly seemed like a man who would shake the world's financial markets to their core. Raised in a working-class neighbourhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game. By the age of 30, he had left behind London's trading arcades, working instead out of his childhood home. For years the money poured in. But when lightning-fast electronic traders infiltrated markets and started eating into his profits, Nav built a system of his own to fight back. It worked-until 2015, when the FBI arrived at his door. 

Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk hero-an outsider who took on the tyranny of Wall Street and the high-frequency traders. A real-life financial thriller, Flash Crash uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and the man at the centre of them both.

©2019 Liam Vaughan (P)2019 HarperCollins Publishers Limited

Critic reviews

"The UK's pre-eminent chronicler of financial crime." (New Yorker

"Not just a readable, pacey account of an extraordinary individual and his quixotic quest for money he didn’t even spend, but also a troubling exposé of the fragility of our entire financial syste...I loved it." (Oliver Bullough, author of Moneyland)

What listeners say about Flash Crash

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my word just been through this book twice

listen the guy was a trader who found using algorithmic software would do his bidding, he caught the day where he was a whale and did the unthinkable. Broke the rules and his fate was sealed.. nuff respect to the bloke.. killed it continuously and did nothing with it.. shows he will go down in folk law and at the same time will be able to continue his life.. Good luck and best wishes Nav

3 people found this helpful

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Jaw Dropping! Fascinating and thrilling. Brilliantly written.

Fascinating story, exceptionally well written. Author narrates brilliantly. Could not stop listening and talking about it! Cannot wait fir the move based on the book and Liams interview with Dev.

2 people found this helpful

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Fantastic and exciting!

After getting through all the other books about HFT and trading this was my last book on the list and my first book of 2021. I have gotten through it in less than a day as I was so hooked. The book is structured fantastically well and I followed easily which I have struggled with a few other books on similar topics. The book is read by the author which is great even though I could hear him sigh during a few sections of the book which made me laugh. Highly recommended!

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  • 28-12-20

Good but not great

This is an interesting investigative work but certainly not of the caliber of Bad Blood or Flash Boys. A story about a random trader hitting big. However, what disappoints is that this guy had little to do with the actual flash crash of 2010 even though the book title suggests otherwise. Turns out he wasn't even trading during the flash crash!

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Like listening to non-fiction

I love it when the author narrates their own work. Relatable characters and told in a relatable London accent.

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Good audio book and well read.

Good audio book. Interesting story and well read by the author/narrator. I think the author has made this true story as interesting as possible whilst not making flashy comments or bending the truth. Good job I enjoyed it. 👍🏻

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Great Research!!!!

I love the research that went into this book. It was very educational for me. This should be movie

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Outstanding book

Fascinating read highly recommended. Very enjoyable and well narrated. Storyline is much more detail that what you would expect in book on this subject.

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Great book ruined by the narration

After reading Flash Boys, I was keen to read this book. It's a good book, although not in the same league as Flash Boys. However, the narration is stilted and amateurish. So much so that it ruins the book.

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Brilliant, Thrilling and Easy for a Layperson to Understand

A story far more interesting than the Wolf of Wall Street. The Hound of Hounslow makes for thrilling reading - definitely guilty but victim of the system, Vaughan takes us through the eccentric world of day trading where fortunes are made and lost between the opening and closing bells - who is guilty? You decide...