A trader dubbed the 'Hound of Hounslow' has been released on bail after nearly four months in custody.
Navinder Singh Sarao was arrested in April, at his home in Clairvale Road, Heston, after being accused by the US government of contributing to a 'flash clash' which wiped £570bn from the stock market in minutes.
The 36-year-old has since remained in court as his lawyer claimed he was unable to provide the £5m of securities required under the original bail conditions.
But he was finally released on Friday (August 14), after that sum was dropped dramatically to just £50,000 in a hearing at Westminster Magistrates' Court.
The court confirmed he had been granted bail after providing the money and said he now had 14 days in which to stump up another £2,500.
He is next due back at the court on August 28 for a review of his case, and his extradition hearing there is now scheduled for September 24 and 25.
Mr Sarao has been charged by the US Department of Justice with a total of 22 counts of fraud, manipulation and 'spoofing' - the practice of bidding or offering for shares with the intention of cancelling before the transaction can be completed, thus artificially altering share prices.
According to US court papers, he earned £585,000 on the day of the crash and nearly £27m over four years by using automated software to spoof.
Mr Sarao, who is fighting against extradition to the States, has previously told the court he has done nothing wrong apart from "being good at my job".
