- Associated Press - Wednesday, April 22, 2015

LONDON (AP) - A judge in Britain has granted U.K. trader conditional bail while he contests extradition to the United States to face charges of being a key figure in bringing about the 2010 “flash crash” - when the Dow Jones Industrial Average plunged 600 points in five minutes.

District Judge Quentin Purdy granted conditional bail to Navinder Singh Sarao, saying he must provide a security of 5 million pounds ($7.4 million) - the amount he has in his trading account. His parents also have to provide a security of 50,000 pounds.

Sarao also was ordered to surrender his passport and report to a police station three times a week.

He is accused of using lightning-fast software to manipulate the market for E-Mini S&P; 500 futures contracts on the Chicago Mercantile Exchange.



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