Wednesday, March 23, 2016

British Judge Approves Extradition of Trader Accused of "Flash Crash"

A British judge has approved a U.S. request for extradition of the London-based trader accused of helping to trigger the 2010 Wall Street "flash crash". 

US prosecutors say his actions contributed to market instability which led to the May 6th, 2010 crash.

On that day the Dow Jones Industrial Average briefly plunged more than a thousand points, temporarily wiping out nearly a trillion dollars in market value. 

US Correspondent Rachel Silverman has that story. 

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