flash crash

City employers plan for lasting switch to remote working

City employers plan for lasting switch to remote working

First Read Hits & Takes John Lothian & JLN Staff I am concerned that there is such a rush to find a vaccine for COVID-19 that shortcuts are being taken which will reduce the reliability of the vaccine. There is pressure from the Trump administration ahead of...

Life and Times of Navinder Sarao

Life and Times of Navinder Sarao

Navinder Sarao pleaded guilty to roughly $13 million worth of spoofing on his first visit to the United States in November 2016. Wearing leg irons and an orange prison jumpsuit in a Chicago federal court, Sarao was freed on bail pending final sentencing, which occurs today, January 28, 2020. 

U.S. Recommends No Jail Time for Flash Crash Trader

U.S. Recommends No Jail Time for Flash Crash Trader

First Read Hits & Takes By JLN Staff Suzanne Cosgrove, Mike Forrester and I will be at the Security Traders Association Mid-Winter Annual Meeting this morning. If you are there, say hello. If you have news, let us know.~JJL Yesterday we...

Justice for Jitesh: Special Sauce is Never Shared

Justice for Jitesh: Special Sauce is Never Shared

I worked with traders and systems developers for many years when I was a futures broker. During the time I worked with them, they never shared with me their “special sauce,” the intellectual property that made their trading systems tick. There...

US v Thakkar: “MasterChief” Day

US v Thakkar: “MasterChief” Day

The second day in US v Jitesh Thakkar and Edge Financial Technology began Tuesday morning with defense attorney Renato Mariotti’s cross examination of Navinder Sarao, the prosecution’s headline witness. Sarao, a cooperating witness, is...

OCC Volumes; Flash Crashes; Position Limits

OCC Volumes; Flash Crashes; Position Limits

Get a FREE 90 day trial of John Lothian Newsletter Observations & Insight Remember, Remember the 15th of September Spencer Doar - JLN It's that time of year again - the annual financial crisis reflection period. This year markets...

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