U.S. Prosecutors Cite 'Spoofing' Software Allegedly Used by U.K. Trader

From nasdaq.com

U.K. trader Navinder Sarao, who faces a U.S. extradition hearing later this month, allegedly worked with a customized version of software known as the "matrix" in a deliberate attempt to "spoof" markets, according to a U.S. court filing. The 28-page indictment made public by a Chicago court Thursday reveals new details of the U.S. Justice Department's allegations against Mr. Sarao ahead of his extradition hearing scheduled in London on Sept. 25. Mr. Sarao's lawyers, who are fighting extradition to the U.S., didn't immediately return a request for comment on the allegations contained in the filing. At a hearing in May, ... (full story)