Day Trader in Leather Jacket Far Cry From Wall Street Flash Boy

How 'Spoofing' Might Have Crashed the Market

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Navinder Singh Sarao always stood out among the day traders sweating it out for small change.

Everybody noticed the lanky Londoner when he removed his leather jacket, snapped on noise-reduction headphones and took a seat in front of his three screens. Not because “Nav,” as he was known, made a scene -- a fellow trader called him distant. The 30 or so who toiled in the nondescript building in a southwest London suburb watched his every move because he did what they desperately wished they could: make a pot of money.