U.K. Trader Sarao Didn’t Cause Flash Crash, Ex-Employer Says
Flash Crash Trader `Potentially Legendary`: Rossi
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Navinder Singh Sarao, the British trader arrested this week over his role in the 2010 U.S. flash crash, couldn’t have been responsible for that fateful day on Wall Street, according to his former employer.
“Did Navinder Sarao cause the flash crash? No, it’s not possible,” Paolo Rossi, who founded Futex, told Bloomberg TV on Friday. “Was he a contributing factor? Probably, a million things were a contributing factor.”