Oh for F#@!'s sake! Just do away w/ exchange fees & instead charge order cancel fees. Who needs penicillin when you can just bleach the whole damn thing If the whole thing were not just an elaborate casino with he odds squarely against any Human participant, (& magnitude of bias inversely proportional to time-frame length) it would be thus
So someone explain this to me: If he was making a killing, and anyway, he figured out a way how to take advantage of HFTs, then why was he complaining to the authorities? And once he learnt that what he was doing was clearly not legal, why the hell did he kept complaining? It is like one burglar calling the cops on another thief.... ------------------------------------------- Anyhow, he should have been Chinese: Update: China’s Richest Man Bet On His Own Company’s Stock Crashing http://thehigherlearning.com/2015/0...t-man-bet-on-his-own-companys-stock-crashing/
What if I told you it's possible to compartmentalize how you feel about a situation vs how you participate in a situation? Would your head explode? He definitely should have stopped spoofing when the first amount of attention came his way but he should have never stopped complaining.
Because it did get him anything good? I have to give it to him though, I would have given up after the 66th unanswered complaints. Going the full 100, my hats off to him!!!!
You're making the false assumption that had he never complained he'd still be spoofing the markets now. It's the making money part that did him in, not the complaining.
So could you tell me slower, what was the point of the repeated complaining? By the way, you have no way of knowing what exactly caused his arrest (I mean the real reason)....
A lawyer representing Navinder Singh Sarao, the U.K. trader arrested on charges of manipulating futures prices and contributing to the market "flash-crash" in 2010, said the 5 million pound ($7.7 million) bail set by U.K. judges was illegal because Mr. Sarao's assets have been frozen. "As it stands, it is impossible and illegal to meet the [bail] conditions," said solicitor Richard Egan, speaking to reporters after a court hearing in London on Tuesday. Mr. Egan said he would keep fighting for a review of the conditions set for the trader's temporary release. Mr. Sarao, who will face an extradition hearing to the U.S. on September 24 and 25, has been in custody since his arrest at his parents' home in West London in April, having failed to raise the money needed for his temporary release. Many of his assets have been frozen by a U.S. judge at the request of the Commodity Futures Trading Commission, which filed civil charges against him. Last week, a High Court judge denied Mr. Sarao's appeal for looser bail conditions, saying that this request would be "premature" until the trader could demonstrate that he has no access to any funds anywhere else. Mr. Sarao's lawyers are planning to go back to the High Court to fight this decision, Mr. Egan said Tuesday after the hearing. Mr. Sarao was arrested on U.S. criminal and civil charges, which allege that from 2010 to 2014 he used an illegal trading strategy known as spoofing that allowed him to earn $40 million in profit. At a previous hearing, Mr. Sarao said he had "done nothing wrong." The Wall Street Journal reported earlier this month that the trader complained to the Chicago Mercantile Exchange, where he traded futures contracts, more than 100 times about traders he believed were engaging in manipulative conduct. Write to Chiara Albanese at chiara.albanese@wsj.com
The democracy is dead. All this demo business weighing on the west down compared to more agile "less conscious " nations.. I personally would like to live in the world where killing a whistleblower is a legal festive actvity. Would love to live in society where they do public shows like Snowden fighting Assange to death. I'd like to be presided in the cesar seat though..