A fascinating journey through the heart of the financial markets and the battle between man and machine in the search for trading profits.

Bradley Hope, New York Times bestselling co-author of Billion Dollar Whale

Liam Vaughan

Journalist and Author.

Liam Vaughan is an award-winning writer with Bloomberg and Businessweek magazine.

He specialises in telling dramatic stories about business and finance, bringing complex but important subjects to a wide audience.

His first book, The Fix, was published by Wiley in January 2017.

His next, Flash Crash, will be published by William Collins and Doubleday in 2020.

Photography: Alexander Kachkaev
“The U.K.’s pre-eminent chronicler of financial crime” Sheelah Kolhatkar, The New Yorker
My ugly mug

Liam Vaughan is a senior reporter with Bloomberg and Businessweek magazine in London.

His forthcoming book, Flash Crash (William Collins, Doubleday, 2020), tells the remarkable real-life story of Navinder Singh Sarao, a trading savant who made $70 million from nothing from his childhood bedroom - until the US government accused him of helping cause one of the most dramatic market crashes in history. It will be published in May 2020 and is being developed into a movie by an Oscar-winning production company.

Vaughan's first book, The Fix (Wiley, 2017), co-written with Gavin Finch, tells the inside story of the Libor scandal. It garnered widespread critical praise and featured in serialisations in the Sunday Times and the Guardian.

Vaughan has covered financial markets for more than a decade. In 2013, he led a team of reporters who uncovered a global conspiracy to manipulate the $5 trillion a day foreign exchange market, sparking investigations on three continents that have resulted in $10 billion in fines for banks including JP Morgan, Citigroup, Barclays and UBS. He was awarded a Gerald Loeb award for excellence in business journalism in 2014 and the Harold Wincott prize for the best financial journalism in 2013.

Headshot: Simon Dawson, Bloomberg

Journalism

The French Laundry

He Stole $100 Million From His Clients. Now He‘s Living in Luxury on the Côte d’Azur

Photographer: Chris Minerva / Getty Images

The Flash Crash Trader's Missing Millions

Nav Sarao made big money trading futures from his bedroom - then lost it all

Photographer: Carl Court / Getty Images

The Man who Invented the World's Most Important Number

When Minos Zombanakis devised Libor, he had no way of knowing it would feature in one of history's greatest financial scandals

Photographer: Andrea Frazzetta / Bloomberg

A Russian Tragedy: How Deutsche Bank's "Wiz" Kid Fell to Earth

The golden boy at the heart of Deustche Bank's $10 billion mirror-trade scandal

Source: Facebook

Operation Tabernula

The inside track on Britain's biggest insider trading case

Source: Financial Conduct Authority; Photo illustration: 731

The Mad Punter

The miraculous rise and dramatic acquittal of Iraj Parvizi

Photographers: Kirsty Wigglesworth/AP Photo; Matthew Lloyd/Getty Images

The Fixer

Was Tom Hayes running the biggest financial conspiracy in history - or just taking the fall for one?

Photographer: Andrew Cowie/AFP via Getty Images

The Cartel

How BP used a secret chat room for insider tips

Fixing the Price of Gold

Decades-old ritual for setting precious metal prices called into question

Currency Spikes

Mysterious market moves at 4pm in London provide FX rigging clues

FX Investigation

Exposé of how traders at the world's biggest banks conspired to rig currency rates

Photography: Alexander Kachkaev

Libor Scandal

The bankers who fixed the worlds most important number

Photographer: Andrea Frazzetta / Bloomberg
  • UK edition
  • US edition
Flash Crash by Liam Vaughan Flash Crash by Liam Vaughan

Liam Vaughan has written an elegant and fast-paced narrative about one of more obscure and mysterious financial anomalies; the day the Dow Jones industrial average fell more than 1000 points. Through meticulous reporting and a gripping story, Vaughan has filled in many of the missing pieces. You won’t be able to put it down.

William D. Cohan, Author of House of Cards and Vanity Fair Special Correspondent

A fascinating journey through the heart of the financial markets and the battle between man and machine in the search for trading profits.

Bradley Hope, New York Times bestselling co-author of Billion Dollar Whale
Artwork: Jon Gray
The Fix: How Bankers Lied, Cheated and Colluded to Rig the World's Most Important Number

This is the defining, fly–on–the–wall account of how traders colluded to move a number at the heart of global finance. Vaughan and Finch put you in the room as traders brag, make high stakes bets and eventually come undone. I couldn't put it down.

Matt Turner, Deputy Editor for Finance and Markets, Business Insider

Told with the verve and panache of a thriller. Genuinely brilliant.

Ben Wright, Group Business Editor, The Telegraph

A great read. Buy this book!

Harry Wilson, City Editor, The Times
email

liam@liamvaughan.co.uk

twitter

@liamvaughanBBG

Literary agent:
Richard Pike,
C + W Agency
richard.pike@convilleandwalsh.com
+44 (0)20 7393 4217
Film / TV rights:
Luke Speed,
Curtis Brown
luke.speed@curtisbrown.co.uk
+44 (0)20 7393 4400